UKROP'S NEGOTIATING $45 MILLION FINANCING

RICHMOND, Va. -- Ukrop's Super Markets here is negotiating a $45 million private-debt placement to help finance capital projects.N. Proceeds would fuel plans that include building eight new stores and a $15 million project to convert a former department store into a central bakery, kitchen, floral center and cross-docking site for perishables, Naquin said. Ukrop's would move into the facility in the

RICHMOND, Va. -- Ukrop's Super Markets here is negotiating a $45 million private-debt placement to help finance capital projects.

N. Proceeds would fuel plans that include building eight new stores and a $15 million project to convert a former department store into a central bakery, kitchen, floral center and cross-docking site for perishables, Naquin said. Ukrop's would move into the facility in the fall.

Ukrop's opened its 24th store last week, and another unit is slated to open later this year.