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Kroger completes $2.15B sale

from The Produce News

The Kroger Co. has completed the sale of its convenience store business unit to EG Group for $2.15 billion; $1.2 billion of the proceeds will be used to fund an accelerated share repurchase program. Included in the sale were 762 convenience stores, including 66 franchise operations, operating in 18 states and employing 11,000 associates under the following banner names: Turkey Hill, Loaf 'N Jug, Kwik Shop, Tom Thumb and Quik Stop. Kroger's supermarket fuel centers and its Turkey Hill Dairy were not included in the sale. more


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