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Supermarket chain Albertsons hopes to raise $1.7 billion in IPO: Reuters
2015-10-05 17:55:58| Grocery - Topix.net
Albertsons Cos Inc [ABS.N], the No.2 U.S. grocery chain, said it hoped its initial public offering would raise $1.7 billion, an ambitious target at a time of intensifying industry competition and uncertainty in global capital markets. The determination of Albertsons' majority owner, private equity firm Cerberus Capital Management LP , to carry out the IPO despite market volatility underscores confidence that it can fetch a high valuation.
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Category:Food and Related Products