Jan 10 Supervalu Inc, the No. 3 U.S.
grocery store operator, said on Thursday it plans to sell five
retail grocery chains to an investor group led by Cerberus
Capital Management LP.
Supervalu also said it posted a quarterly profit.
It agreed to sell Albertsons, Acme, Jewel-Osco, Shaw's and
Star Market stores and the related Osco and Sav-on in-store
pharmacies as part of the deal.
It also reported a profit of $16 million, or 8 cents per
share, in the third quarter ended on Dec. 1, compared with a
year-earlier loss of $750 million, or $3.54 per share.
Excluding an after-tax gain related to a cash settlement
from credit card companies and after-tax charges primarily
related to store closures, it earned $5 million, or 3 cents per