The Kroger Co (KR.N), the largest supermarket chain in the United States, is seeking to acquire Fresh Market Inc (TFM.O), a U.S. specialty grocery retailer that has been exploring a sale, according to people familiar with the matter.
Kroger is in the second round of an auction process for Fresh Market that has also attracted other companies and private equity firms, the people said this week. Apollo Global Management LLC (APO.N), KKR & Co LP (KKR.N) and TPG Capital LP are among the buyout firms participating in the auction, the people added.
There is no certainty that Kroger will prevail in the auction or that Fresh Market will agree to sell itself to any party, the people said, asking not to be identified because details of the sale process are confidential.
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