Albertson’s LLC said yesterday that it has received all the necessary state and federal government approvals that will allow it to acquire 10 Raley’s Stores in the Albuquerque, Rio Rancho, and Taos, NM areas. The transaction is expected to close August 14, 2007.
When the deal is complete, Albertsons LLC will be operating seven of the units under its own banner; the other three will be put on the market.
“We’re pleased that we have been given the customary government approvals to be able to welcome the Raley’s stores into our operation—and we’re excited to be growing our presence in New Mexico,” said Bob Colgrove, president of Albertson’s LLC’s Southwest division.
Albertsons LLC is majority-owned by Cerberus Capital Management, and currently operates more than 300 stores in Arizona, Arkansas, Colorado, Florida, Louisiana, Nebraska, New Mexico, South Dakota, Texas and Wyoming.
When the deal is complete, Albertsons LLC will be operating seven of the units under its own banner; the other three will be put on the market.
“We’re pleased that we have been given the customary government approvals to be able to welcome the Raley’s stores into our operation—and we’re excited to be growing our presence in New Mexico,” said Bob Colgrove, president of Albertson’s LLC’s Southwest division.
Albertsons LLC is majority-owned by Cerberus Capital Management, and currently operates more than 300 stores in Arizona, Arkansas, Colorado, Florida, Louisiana, Nebraska, New Mexico, South Dakota, Texas and Wyoming.
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