The company, parent of the Bi-Lo and Winn-Dixie chain in the Southeast, has hired Citigroup, Credit Suisse AG and Deutsche Bank AG to lead the offering, according to Reuters report. Officials at Bi-Lo could not be reached for comment.
Bi-Lo, which is owned by private-equity firm Lone Star Funds, merged with Winn-Dixie last year to form a $10 billion company operating nearly 700 locations across eight Southern states. Earlier this year it agreed acquire to the 165-unit Sweetbay, Harveys and Reid’s banners from Delhaize Group.
Dallas-based Lone Star acquired Bi-Lo from Ahold USA in 2005 and had previously sought to sell the banner. Last year it combined the company with Winn-Dixie and relocated the main headquarters to Jacksonville.
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