• Nov. 18, 2013, 9:43 AM
    • Alon Israel Oil Co. is in talks to sell 55% of the Mega, Teva Eden Market, and AM:PM supermarkets held through the Alon Holdings Blue Square (BSI +17.1%) vehicle to P-E firm Catterton Partners for NIS1B, Globes reports.
    • The paper's sources added that French supermarket operator Auchan Group is expected to join in on the deal.
    • Mega is the second largest supermarket operator in Israel, with 213 locations and sales of NIS3.22B in 1H 2013, but has been struggling with declining revenue (-1.7% Y/Y in 1H 2013) after a haredim boycott in 2008 and increasing competition from independent stores.
    Nov. 18, 2013, 9:43 AM