Supervalu has completed the sale of its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market banners.

The disposal to AB Acquisition, an affiliate of an investment consortium led by Cerberus Capital Management, is a stock deal valued at $3.3bn (£2.17bn), which includes $100m (£65.8m) in cash and $3.2bn (£2.1bn) in debt assumption.