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.

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Source: Ahold Delhaize via Globenewswire