Kimco to Participate in SUPERVALU Transaction

NEW HYDE PARK, N.Y.--(BUSINESS WIRE)--Kimco Realty Corp. (NYSE:KIM), the nation’s largest owner and operator of neighborhood and community shopping centers, announced that it is a participant in the transaction reported earlier today by SUPERVALU INC. (NYSE:SVU) through its investment in a consortium led by Cerberus Capital Management, L.P. The company will hold an interest of approximately 15 percent in this investment group that originally acquired a portion of Albertsons, Inc. in 2006. Kimco anticipates funding its investment of up to $76.5 million from existing cash balances, existing credit facilities and cash from operations.