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BOISE, Idaho — Albertsons Cos. said Wednesday that it has started the process of going public.
Albertsons Cos. said Wednesday that it has started the process of going public.
The company indicated in a regulatory filing with the Securities and Exchange Commission that it intends to use proceeds from its initial public offering to pay down debt and to support general corporate purposes.
Albertsons, which is headquartered here, is privately owned by an investor group led by New York-based Cerberus Capital Management.
Albertsons operates more than 2,200 grocery stores in 33 states and the District of Columbia under 18 banners, including Alberstons, Safeway, Vons, Randalls, Shaw’s and Jewel-Osco.
To win regulatory approval of Albertsons’ acquisition of Safeway, the company agreed in December to divest 168 stores.
Albertsons and Safeway announced completion of the merger on January 30. The merged company consists of three regions and 14 retail divisions, supported by corporate offices in Boise; Pleasanton, Calif.; and Phoenix.
The company said it has not yet determined the number of shares to be offered and the price range for those shares.