Hold the Presses is your online newsportal en brings press releases from around the world. Journalists can use it for free, although it is their responsibilty to check the news. Hold the Presses is in no way responsible for the content of the press releases, the Sender is. We hope you enjoy reading the news we bring you on this website. If a message is published that is not acceptable, we apologize. Please contact us and we will remove the message as soon as possible.

Wednesday, 4 October 2017

Ahold Delhaize (NL) - Ahold Delhaize reaches agreement on final transaction in Belgian store divestment process

Ahold Delhaize    

Ahold Delhaize reaches agreement on final transaction in Belgian store divestment process

Zaandam, October 4, 2017 - Ahold Delhaize announces today that it has reached agreement with Retail Partners Colruyt Group (RPCG), for their Spar banner, to divest the Albert Heijn Groenplaats location in Antwerp, Belgium. This deal represents the final sale in the mandatory store divestment program in Belgium following the merger of Ahold and Delhaize Group in 2016.
 
The transaction is still subject to customary closing conditions. The location will be transferred in approximately one month. The associates of Albert Heijn Groenplaats will remain employed by Albert Heijn Belgium and will be relocated to other Albert Heijn stores in Antwerp and surrounding area.
 
The Belgian Competition Authority (BCA) in March 2016 approved the merger of Ahold and Delhaize on the condition that the combined group would divest a limited number of stores and projects in Belgium to address competition concerns raised by the regulator.


171004_AH_Belgium_PR



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Ahold Delhaize, P.O. Box 985, Amsterdam 1000 AZ, Netherlands
If you would like to unsubscribe and stop receiving these e-mails click here.