Kroger and Albertsons will sell more than 400 stores and other assets as they seek to clear a path for a merger with antitrust regulators.
A Kroger grocery store sign promotes its pharmacy and fuel center at its Flowood, Mississippi, location on June 15, 2017. Kroger and Albertsons will sell more than 400 stores and other assets for about $1.9 billion, seeking to clear a path for a merger with antitrust regulators reviewing a deal that would unify two of the nation’s largest grocery chains.
All fuel centers and pharmacies associated with the divested stores will remain with the stores and continue to operate. “Our priority is protecting competition, consumers, and workers in Washington. We will be reviewing through that lens,” Washington Attorney General Bob Ferguson said in a prepared statement to KIRO Newsradio Friday.last year in an effort to stop the grocery chain from paying a nearly $4 billion dividend to its shareholders. Earlier this year, The state Supreme Court declined to review the case, clearing the way for the dividend to be paid out.
“We have raised alarms about the proposed Kroger/Albertsons merger from the very beginning— from threats of store closures, higher prices and reduced competition, the harm to unionized workers’ ability to negotiate strong contracts, as well as the negative ripple effects lower union density would have on workers throughout the grocery industry,” the statement reads. “News of a possible deal with C&S to buy hundreds of stores as part of the proposed merger in no way reduces those alarms.
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