Fair
62°FFairFull Forecast

Osco sale FINALIZED

Published: Thursday, March 21, 2013 3:27 p.m. CDT • Updated: Thursday, March 21, 2013 3:52 p.m. CDT

Supervalu has completed the $3.3 billion sale of its largest grocery chains – including Jewel-Osco – to an investor group led by Ceberus Capital Management, the company said Thursday.

Eden Prairie, Minn.-based Supervalu also announced that Robert Miller, president and CEO of the Albertsons chain of grocery stores, will take over as non-executive chairman. He replaces former Supervalu CEO Wayne Sales, who will now serve as a director on the board.

In January, Supervalu struck a deal to sell its chains – Albertsons, Acme, Jewel-Osco and Shaw’s and Star Market stores – to the Ceberus Capital group.

Get breaking and town-specific news sent to your phone. Sign up for text alerts from the Northwest Herald.

Reader Poll

Did Tuesday's public hearing change your mind about the proposed Oakwood Hills power plant?
Yes
No
Not sure