Supervalu Said Moving Toward Sale of Two Chains to Cerberus

Supervalu Inc. is moving toward a deal to sell retail chains such as Albertsons and Save-A-Lot to Cerberus Capital Management LP after talks on a full takeover of the grocer stalled, said people with knowledge of the matter.

Save-A-Lot has also received interest from parties such as private-equity firm KKR & Co., said one of the people, who asked not to be named because the process is private. Discussions on a Cerberus bid for the entire company stumbled as lenders balked at the financing terms, they said. Supervalu’s shares rose.