News

EG Group to Acquire Portfolio of Kroger’s Convenience Store Holdings for $2.15 Billion

February 07, 2018

Los Angeles – Paul Hastings LLP, a leading global law firm, announced today that the firm advised UK-based EG Group on real estate matters related to the $2.15 billion acquisition of Kroger’s convenience store holdings. The holdings are comprised of a mix of owned and leased properties including 762 stores in the United States. Kroger’s supermarket fuel centers and Turkey Hill Dairy operations were not included in the sale.

As real estate advisor, Paul Hastings handled the real estate-related due diligence as part of the bid and acquisition, and also advised on real estate-related issues with respect to the definitive agreements for the transaction. The transaction is expected to close during the first quarter of Kroger’s fiscal year.

The Paul Hastings team was led by Real Estate partner

Robert Keane

and Corporate partner

Robert Miller

and included associates

Myles Blau

and

Jamie Curry

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.