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South Florida

Publix paid $500M for Albertson’s portfolio

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Publix Super Markets paid about $500 million for 49 Albertson’s stores
statewide in June, according to Publix’s quarterly filing with the
Securities and Exchange Commission. When the deal was first announced,
in June, neither party disclosed the price. Albertson’s, which is owned
by a group of investors led by private investment fund Cerberus Capital
Management, will still own and operate 44 locations in Florida. Publix
also announced plans to spend $352 million in renovations on its
properties.