Kroger to buy retailer Giant Eagle in a $1.65 billion deal

American company Kroger has agreed to acquire the Giant Eagle retail chain for $1.65 billion. This was reported by Qazaqyia.kz citing Reuters.

Under the agreement, Kroger will purchase all shares of Giant Eagle. This move will allow Kroger to strengthen its market position in the Midwest and Eastern regions of the United States. Giant Eagle primarily operates in Ohio, Pennsylvania, and neighboring states.