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Cerberus in talks with Safeway

February 20, 2014

Private equity firm Cerberus Capital Management is currently in talks with US supermarket chain Safeway about a possible transaction, a person familiar with the matter said yesterday. Cerberus was one of the buyout firms that approached Safeway last year about a possible deal, Reuters said. Safeway said earlier yesterday it was in talks about possibly selling itself. A Safeway spokesperson could not be reached for comment on the talks with Cerberus.

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Source: City A.M. (UK)

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