Boise-based supermarket company Albertsons has settled charges from the Federal Trade Commission that its $9.2 billion merger with California-based Safeway Inc. would be anticompetitive.
The FTC alleged in January 2015 that Albertsons and Safeway grocery stores competed vigorously on price, quality, product variety and both offered one-stop shopping for food and other products. The merger “was likely to lessen supermarket competition in 130 local markets and thus harm consumers,” according to the FTC.
The final order settling the charges — which the FTC’s commissioners voted unanimously to agree — requires the merged company to divest 168 Albertsons and Safeway stores in Arizona, California, Montana, Nevada, Oregon, Texas, Washington and Wyoming to four buyers. A media representative for Albertsons-Safeway said the company has complied with divesting those stores.
None of the stores in Idaho are affected.