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Does Cerberus still own Albertsons?

Emily
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In 2006, Albertsons was sold to Cerberus Capital Management, a private equity firm, for $9.4 billion. In 2015, Cerberus sold Albertsons to AB Acquisition LLC (ABA), a company jointly owned by Cerebus and Kimco Realty Corporation, for $15.8 billion.

ABA is the parent company of Albertsons Companies, Inc. (Albertsons). As of February 2019, Cerebus no longer owns any stake in Albertsons.

In 2006, Albertsons was sold to Cerberus Capital Management, a private equity firm, for $9.

Does Cerberus still own Albertsons? No, Cerebus sold their stake in Albertsons to AB Acquisition LLC in 2015.

4 Related Question Answers Found

Does Unfi own Albertsons?

In 2015, UNFI purchased Albertsons for $2.3 billion. The move was widely seen as a way to increase UNFI’s presence in the natural and organic food space. However, some analysts have questioned whether the move was a wise one, given that Albertsons has been struggling financially in recent years.

Does Albertsons have a union?

Albertsons does have a union. The United Food and Commercial Workers International Union (UFCW) represents employees at Albertsons stores. The UFCW has been working with Albertsons for over 40 years to ensure that employees have a voice on the job and are able to negotiate for better wages and benefits.

Is Shaw's owned by Albertsons?

Shaw’s is a chain of Supermarkets in the northeastern United States. It is owned by Albertsons. Shaw’s was founded in 1860 by George C.

Does Albertsons have a pension plan?

Albertsons does have a pension plan for its employees. This pension plan is a defined benefit plan, which means that employees will receive a set amount of money each month after they retire. The amount of money that an employee will receive is based on their years of service and their salary at the time of retirement.
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Emily
Emily is a content researcher who is passionate about finding and sharing information. She has a keen eye for detail and enjoys delving into the depths of a topic to find the most interesting and relevant information.
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