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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.

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