C&S, SoftBank Eye Stores Being Sold by Kroger, Albertsons, Bloomberg Reports
September 05 2023 - 9:50PM
Dow Jones News
--C&S Wholesale Grocers and SoftBank Group are in talks to
acquire most or all of the grocery stores that retailers Kroger and
Albertsons are selling to help clear the path for their planned $25
billion merger, Bloomberg reports, citing unnamed sources.
--C&S has partnered with Japan's SoftBank for the
transaction, which could be announced as soon as this week, the
report said.
--Unloading of the stores is aimed at addressing antitrust
concerns hanging over the Kroger-Albertsons deal, which the two
grocery chains aim to close in early 2024, Bloomberg said.
Full story: bloom.bg/3Z8ubbi
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(END) Dow Jones Newswires
September 05, 2023 21:35 ET (01:35 GMT)
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