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Kroger IDs nearly 600 stores it will sell as part of Albertsons acquisition: Report

America's largest traditional grocery chain has announced it will sell nearly 600 stores as it seeks approval from antritrust regulators to purchase another grocery giant, according to a report. (AP Photo/Paul Sancya, File)

America's largest traditional grocery chain has announced it will sell nearly 600 stores as it seeks approval from antritrust regulators to purchase another grocery giant, according to a report. (AP Photo/Paul Sancya, File)

    TOPICS:

    KrogerAlbertsonsStoresAcquisitionC&S Wholesale GrocersOhioIllinoisAntitrust regulators

COLUMBUS, Ohio (WSYX) — America's largest traditional grocery chain has announced it will sell nearly 600 stores as it seeks approval from antritrust regulators to purchase another grocery giant, according to a report.

Cincinnati-based Kroger, which operates 195 stores in Ohio and 16 in Columbus, will sell 579 of its stores to C&S Wholesale Grocers in order to complete its nearly $24.6 billion acquisition of Idaho-based Albertsons, the country's second-largest traditional grocer.

ABC 6 sister station WKRC in Cincinnati, citing a report from the Cincinnati Business Courier, reported that none of the stores affected are in Ohio.

According to the Kroger website, Illinois appears to be the nearest state where stores will be affected. Stores in 19 states are affected.

The WKRC/Business Courier article indicated that employees at those Kroger locations were notified this week of the sale.

Source: abc6onyourside.com

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