SuperValu plans to use the proceeds from the sale of its interest in WinCo to reduce debt. The sale will likely increase SuperValu's fiscal 2005 net earnings by about $0.40 per share.
SuperValu sold its interest back to WinCo for an undisclosed price.
WinCo, which is owned by its employees, has more than 43 stores averaging about 90,000 sf per store, according to the company.
SuperValu has annual revenues approaching $20 billion, and a network of more than 1,400 retail grocery locations, including licensed Save-A-Lot locations and Shop 'n Save and Cub Food stores.
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