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