Safeway would be owned in state by two companies post merger, neither would be Albertsons

By Tamara Chuang and Olivia Prentzel | The Colorado Sun

If the supermarket megamerger goes through as proposed, Safeway stores in Colorado would be owned by two companies. Neither would be the current owner Albertsons, which would fade into acquirer and King Soopers parent, Kroger Co.

But while Kroger plans to take over 14 Safeways, the other 89 in the state would find a new owner in C&S Wholesale Grocer, a wholesale distributor that aspires to become a major grocery chain.

And don’t forget there are two Albertsons in Pueblo and Durango that C&S plans to buy as part of the divestiture and conversion to Safeway. But C&S won’t own the Safeway brand — just a license to use the name in Colorado and Arizona for three years. Kroger plans to keep the other Safeway stores it’s acquiring nationwide as part of the proposed $24.5 billion merger of Kroger and Albertsons.

READ THE FULL STORY AT THE COLORADO SUN