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Kroger To Sell Convenience Store Business for $2.15 Billion

The Kroger Co. (NYSE: KR) to sell its convenience store business unit to EG Group, a privately-held gas station/convenience store retailer based in the United Kingdom, for $2.15 billion. As part of the agreement, EG Group will establish their North American headquarters in Cincinnati, OH, and continue to operate stores under their established banner names. Kroger operates 726 c-stores across 18 states. It includes 66 franchise operations. The…

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