Deals

Kroger and Albertsons to Sell 413 Stores to C&S for $1.9 Billion

Grocers shedding locations in quest for FTC antitrust approval
Companies say $24.6 billion merger remains on track for 2024

A Kroger grocery store in Houston, Texas.Photographer: Mark Felix/Bloomberg

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By Crystal Tse and Brendan Case

September 8, 2023 at 12:29 PM UTC

Updated on

September 8, 2023 at 3:17 PM UTC

This article is for subscribers only.

Kroger Co. rose the most in six months after agreeing to sell 413 stores to C&S Wholesale Grocers in a divestiture designed to help win antitrust approval for its $24.6 billion merger with Albertsons Cos.

C&S will pay $1.9 billion in cash for the stores, the companies said in a statement Friday, confirming a Bloomberg News report Tuesday. Closely held C&S is a major grocery wholesaler that also operates Grand Union and Piggly Wiggly stores.