Content about Blackhawk Network Holdings Inc.

September 5, 2012

Safeway Inc. announced that it plans to take its Blackhawk Network Holdings Inc. gift card and payment services unit public.

Pleasanton, Calif. -- Safeway Inc. announced on Wednesday that it plans to take its Blackhawk Network Holdings Inc. gift card and payment services unit public. Blackhawk sells gift cards at supermarkets and through other stores, including drug stores and convenience stores.

Safeway said it plans to file a registration statement for a potential initial public offering of a minority stake in Blackhawk and hopes to complete the IPO sometime in the first half of 2013, depending on market conditions.