Business

Albertsons officially under new ownership

Friday, March 22, 2013
An Albertsons store is seen in this undated file photo.

An Albertsons store is seen in this undated file photo. (KABC Photo)

The Albertsons supermarket chain is under new ownership.

SUPERVALU Inc., based in Minneapolis, confirmed it has sold its Albertsons stores and Acme, Jewel-Osco, Shaw's and Star Marketstores to AB Acquisition LLC, an affiliate of a Cerberus Capital Management L.P.-led investor group.

The stock deal is worth $3.3 billion, including $100 million in cash and $3.2 billion in debt assumption.

SUPERVALU had already closed 60 stores last summer and laid off 2,500 employees. Albertsons has 228 stores in California and Nevada.

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