Contrary to market expectations. Citibank beat out Bankers Trust Co. to lead a $1.3 billion credit backing SuperValu Inc.'s planned purchase of rival food wholesaler Wetterau Inc.

Until this week, Bankers Trust had been the presumptive lead, mainly because it heads up an existing $300 million commercial paper backup line for SuperValu. In addition, its securities subsidiary is the dealer for the company's commercial paper program.

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