Los Angeles-based private equity firm Yucaipa has set its sites on acquiring US$680m worth of shares in US supermarket chain Supervalu, the company said.
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Yucaipa, headed by billionaire grocer Ron Burke, has said that its interest is “for investment purposes”.
Yucaipa currently holds stakes in Wild Oats Markets and Pathmark stores. Supervalu became the second-largest traditional grocery chain in the US in June, when it acquired the majority of the Albertsons grocery business.
