Who owns kroger gas

EG Group will continue to operate the stores under those names. Convenience store valuations are attractive these days, Chadha said, making this a good time to sell. That puts the buyout price at about 0. It will use net proceeds from the sale to buy back shares of stock, which will lift shareholder value, and to lower its ratio of net debt to adjusted earnings before interest, taxes, depreciation and amortization. Kroger shares are up 4 percent so far this year, which is a welcome rebound for investors.

The stock had fallen 20 percent last year after dropping 18 percent in The stores employ 11, people. It generated a little more than 3 percent of Kroger's sales in fiscal Kroger had said in October at its annual investor conference that it planned to explore the sale of its convenience store business. We have had much success across Europe and we firmly believe the Kroger assets present a fantastic foundation to overlay our retail experience and knowhow in the U. The successful family business of 84 stores caught the eye of Dillon Companies, a wholly owned subsidiary of The Kroger Company.

We will strive to always provide quality, excellence and convenience to our customers and the communities we serve. EG America is one of the fastest growing convenience store retailers in the United States. As part of its strategy to deliver profitable growth, EG Group partnered with premium brands across its product and service offerings. Further information is available at www. We greatly appreciate our guests and our loyalty program members and understand your interest regarding consumer privacy.

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