By Jeff Wells
Source: Grocery Dive
Kroger and Albertsons are moving ahead with a plan to divest between 250 and 300 stores in an effort to satisfy regulators that are reviewing the companies’ $24.6 billion planned merger, according to a Friday report from Reuters citing unnamed sources familiar with the matter.
The stores, which are located in regions across the U.S. where both Kroger and Albertsons operate, could generate more than $1 billion in sales, according to the report.
It’s unclear where exactly the review process for the megamerger stands at this point, though the report noted that the companies have begun discussing their divestiture plan with the Federal Trade Commission as well as potential buyers. Both grocers along with the FTC declined to comment to Reuters.