Grocery store chain operator Supervalu Inc. will sell five of its chains to a Cerberus Capital Management-led investor consortium in a deal valued at $3.3 billion, primarily in debt.
The investor group includes Kimco Realty Corporation, Klaff Realty, Lubert-Adler Partners and Schottenstein Real Estate Group. As part of the deal, it will acquire Supervalu’s Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market supermarket chains and their associated in-store pharmacies.
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