Kroger is going to buy Albertsons for $25 billion

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Yes friends, as you know Kroger is a very big name in the grocery market in itself.

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And soon he's going to buy the Albertsons Grocery Market Shake-Up and it's announced

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Kroger CEO Rodney McMullen has announced a $25 billion merger with Albertsons

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According to Rodney McMullen, the deal "furthers our commitment to building a more equitable and sustainable food system".

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Kroger (KR) and Albertsons ACI have both talked about a $25 billion merger deal

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In addition, Kroger also said it would invest an additional $1.3 billion to further upgrade Albertsons stores.

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Kroger has also said in its announcement that with this deal it will be possible to merge the country's two largest grocery chains.

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Let us tell you that Kroger had 2,800 supermarkets, and distribution warehouses and Albertsons had 2,276 stores.

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