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May 5, 2008 - ALBERTSONS TO SELL 72 FUEL CENTER SITES TO VALERO
Deal Allows Grocer to Focus on Core Grocery & Pharmacy Business
Boise, ID —Albertson’s LLC announced today that it has entered into a definitive agreement to sell 72 fuel centers throughout two of its divisions to Valero Retail Holdings, Inc. The fuel centers are adjacent to operating Albertsons stores throughout Arizona, Colorado, Louisiana, New Mexico, Texas and Utah.
Albertson’s LLC made the strategic decision to focus its expertise on its core grocery and pharmacy business in its Southwest and Dallas/Fort Worth divisions. The company will continue to operate fuel centers in its Florida division.
The transaction is expected to close in August 2008, subject to customary governmental approvals.
About Albertson’s LLC
Albertson’s LLC is working to become the favorite food and drug retailer in every market it serves. The company is privately owned and operates over 300 stores under the Albertson’s, Grocery Warehouse, and Super Saver Foods banners in Arizona, Arkansas, Colorado, Florida, Louisiana, New Mexico, Texas and Utah.
BMO Capital Markets acted as exclusive financial advisor to Albertson’s LLC.
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