[ TRANSACTION RECORD ]

Public Investment Fund Investment in Kroger Co. — 2023

VERIFIED VECTOR ID: 002145 · tx-241
M SOURCE NODE — FUNDER
Public Investment Fund
Finance Saudi Arabia
$1,000,000,000
EQUITY
15/11/2023
Q DESTINATION NODE — RECIPIENT
Kroger Co.
Company United States
Amount (USD)
$1.0B
Flow Type
EQUITY
Transaction Date
15/11/2023
Primary Source
View Filing ↗
Funder Profile [ M ]
Entity Public Investment Fund
AUM 925000
HQ Location Saudi Arabia
Sector Finance
Recipient Profile [ Q ]
Entity Kroger Co.
Entity Type Company
Jurisdiction United States
Intelligence Note

The Public Investment Fund of Saudi Arabia increased its stake in the U.S. supermarket chain Kroger to over 1 billion dollars, reflecting confidence in the retail sector’s stability. This transaction aligns with PIF’s strategy of investing in leading international consumer and infrastructure firms. The deal underscores the global reach of sovereign wealth in essential service industries.

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Primary Forensic Source https://www.reuters.com/business/retail-consumer/saudi-arabias-pif-raises-stake-us-supermarket-kroger-2023-11-15/
✓ SOURCE LINKED