Delhaize Group confirms preliminary discussions with Ahold
(Thomson Reuters ONE) -
BRUSSELS, BELGIUM, May 12, 2015 - Delhaize Group confirmed today that it has
entered into preliminary discussions with Royal Ahold N.V. to explore the
opportunity of combining the two companies.
These discussions may or may not result in a future transaction. The company
will communicate material updates, if any, in accordance with regulatory
requirements.
* Delhaize Group
Delhaize Group is a Belgian international food retailer present in seven
countries on three continents. At the end of March 2015, Delhaize Group's sales
network consisted of 3 410 stores. In 2014, Delhaize Group recorded ?21.4
billion ($29.4 billion) in revenues and ?89 million ($118 million) net profit
(Group share). At the end of 2014, Delhaize Group employed approximately
150 000 people. Delhaize Group's stock is listed on NYSE Euronext Brussels
(DELB) and the New York Stock Exchange (DEG).
This press release is available in English, French and Dutch. You can also find
it on the website http://www.delhaizegroup.com. Questions can be sent to
investor(at)delhaizegroup.com.
* Contacts
Investor Relations: +32 2 412 21 51
Media Relations: +32 2 412 86 69
cautionary note regarding forward looking statements
Statements that are included or incorporated by reference in this press release
and other written and oral statements made from time to time by Delhaize Group
and its representatives, other than statements of historical fact, which address
activities, events and developments that Delhaize Group expects or anticipates
will or may occur in the future, including, without limitation, the possibility
of combining with Royal Ahold, N.V. further fine-tuning and rolling-out of Easy,
Fresh & Affordable in 160 additional Food Lion stores, the implementation of the
Transformation Plan in Belgium, expected positive comparable store sales growth
in the second half of the year in Belgium, expected gradual improvement in
profitability in Belgium, expected costs savings, the closing, conversion and
opening of stores, the expected effect of the portfolio optimization,
anticipated revenue and net profit growth, anticipated free cash flow
generation, strategic options, future strategies and the anticipated benefits of
these strategies and (underlying) operating profit guidance, are "forward-
looking statements" within the meaning of the U.S. federal securities laws that
are subject to risks and uncertainties. These forward-looking statements
generally can be identified as statements that include phrases such as
"guidance," "outlook," "projected," "believe," "target," "predict," "estimate,"
"forecast," "strategy," "may," "goal," "expect," "anticipate," "intend," "plan,"
"foresee," "likely," "will," "should" or other similar words or phrases.
Although such statements are based on current information, actual outcomes and
results may differ materially from those projected depending upon a variety of
factors, including, but not limited to, changes in the general economy or the
markets of Delhaize Group, in strategy, in consumer spending, in inflation or
currency exchange rates or in legislation or regulation; competitive factors;
adverse determination with respect to claims; inability to timely develop,
remodel, integrate, open, convert or close stores; and supply or quality control
problems with vendors. Additional risks and uncertainties that could cause
actual results to differ materially from those stated or implied by such
forward-looking statements are described in Delhaize Group's most recent Annual
Report on Form 20-F and other filings made by Delhaize Group with the U.S.
Securities and Exchange Commission, which risk factors are incorporated herein
by reference. Delhaize Group disclaims any obligation to update developments of
these risk factors or to announce publicly any revision to any of the forward-
looking statements contained in this release, including guidance with respect to
underlying operating profit, SG&A, net finance costs, capital expenditures,
store openings and free cash flow, or to make corrections to reflect future
events or developments.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Delhaize Group via GlobeNewswire
[HUG#1920735]
Unternehmensinformation / Kurzprofil:
Datum: 12.05.2015 - 08:02 Uhr
Sprache: Deutsch
News-ID 392467
Anzahl Zeichen: 5321
contact information:
Town:
Brussels
Kategorie:
Business News
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