Report: Albertsons Nearing IPO

Albertsons may soon be public as the supermarket chain continues with plans for an initial public offering later in September or early October, Reuters reported on Tuesday, September 15.

The listing date of the IPO is still open to change, the report said, noting that Albertsons initially filed to go public in early July. Private equity firm Cerberus Capital Management LP, the majority owner of Albertsons, declined comment on the report.

Earlier this year, Albertsons and Safeway finalized a merger of the two supermarket chains, a deal that was first announced in March of 2014.

The merger created a network that includes 2,230 stores, 27 distribution facilities and 19 manufacturing plants with more than 250,000 employees across 34 states and the District of Columbia.