Seven years after first acquiring Albertsons in a US$17.7bn deal, Supervalu looks set to offload the operation along with Acme, Jewel-Osco, Shaw's and Star Market outlets.
The sale of the stores to Acquisition LLC, an affiliate of Cerberus Capital Management, marks a time of change at the group which also includes the hiring of a new CEO and a corporate reorganisation.
On completion of the store sales, Sam Duncan will step in as president and chief executive, replacing the outgoing Wayne Sales.
Sales has held the role of CEO since July, when he came in for Craig Herkert.
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