Ahold Delhaize gives update on progress store divestments Belgium
(Thomson Reuters ONE) -
Zaandam, the Netherlands, March 13, 2017- Ahold Delhaize today announced its
Belgian subsidiaries have reached agreements to divest five stores and one
project in Belgium. The divestments are made to comply with the conditions the
Belgian Competition Authority (BCA) attached to its approval of the merger of
Ahold and Delhaize Group in 2016.
Lidl Belgium has agreed to buy three Albert Heijn stores and one project. Tanger
has agreed to buy one Albert Heijn store and one Proxy Delhaize store.
The agreements are subject to customary closing conditions. Upon fulfillment of
these conditions, the stores are expected to be transferred within the next
three months. The current labor and working conditions of the associates will be
respected in accordance with Belgian labor laws and regulations.
The BCA approved the merger of Ahold and Delhaize Group on March 15, 2016,
conditional upon the divestment of eight Albert Heijn stores, five Delhaize
affiliated stores and a limited number of projects in Belgium to address
competition concerns raised by the regulator.
A full list of the store locations referred to in this press release is included
as an annex.
Ahold Delhaize continues to work to complete the divestment process for the
other stores that need to be divested in close cooperation with the BCA and
potential buyers. Until all divestment requirements are met, Albert Heijn and
Delhaize stores in Belgium will continue to operate under mandatory separation.
20170313_Ahold Delhaize Update on store divestments Belgium:
http://hugin.info/130711/R/2087337/787747.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ahold Delhaize via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 13.03.2017 - 17:59 Uhr
Sprache: Deutsch
News-ID 529839
Anzahl Zeichen: 2181
contact information:
Town:
Amsterdam
Kategorie:
Business News
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