Kroger has identified which stores in Oregon it would sell off to a competitor to secure regulatory approval for its $24.6 billion proposed merger with Albertsons.
Kroger, the parent company of Fred Meyer and QFC, announced plans to acquire rival Albertsons, which owns Safeway, in October 2022. In a bid to mollify antitrust regulators, the two companies said they would sell off more than 500 stores to New Hampshire-based C&S Wholesale Grocers for $1.9 billion.
The companies had not before Tuesday disclosed which stores would be sold.
The list shows that Kroger and Albertsons plan to sell off 62 stores in Oregon, 124 in Washington and 10 in Idaho to C&S.
(Can’t see the table? Click here.)
It’s unclear what branding the divested stores in Oregon would carry.
The two supermarket giants are awaiting a trial set for Aug. 26 in federal court in Oregon after the Federal Trade Commission and nine states, including Oregon, filed suit in February to halt the merger.
Federal regulators argued and the state attorneys general argued that combining Kroger with Albertsons would lessen competition and give the merged chain too much control over grocery prices and employees’ wages.
This is a breaking news story
-- Kristine de Leon covers the retail industry, small business and data enterprise stories. Reach her at kdeleon@oregonian.com.
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