Delhaize Group's Alfa-Beta Acquires Greek Retailer Koryfi
(Thomson Reuters ONE) - BRUSSELS, Belgium, October 8, 2009 - Delhaize Group (EuronextBrussels: DELB - NYSE: DEG), the Belgian international food retailer,announced today that it has entered into a share purchase agreementto acquire the Greek retailer Koryfi through its subsidiary Alfa-BetaVassilopoulos for an amount of EUR 7.0 million (plus EUR 1.8 millionfinancial debt). This highly complementary acquisition of 11 storeswill reinforce the position of Alfa-Beta in Thrace (NortheasternGreece) where it currently has a limited presence.Konstantinos Macheras, Chief Executive Officer of Alfa-Beta,commented: "The acquisition of Koryfi supports Delhaize Group'sobjective of accelerating profitable revenue growth and fits in thecompany's strategy to reinforce its presence in existing or adjacentmarkets through fill-in acquisitions with strong synergies. TheKoryfi stores will give Alfa-Beta an important presence in Thrace, anarea in Northern Greece where we are currently almost absent. We lookforward to welcoming the employees of Koryfi and are committed tocontinue the excellent service to Koryfi customers."Koryfi is a family-owned supermarket chain that was founded in 1998.It is currently operating 11 stores with an average selling area ofapproximately 800 m², including 8 located in Alexandroupolis, and asmall distribution center. The transaction includes the real estateownership of 2 stores and the distribution center. In 2008, Koryfirealized EUR 30 million in sales and employed approximately 325people. The objective is to convert all Koryfi stores before the endof 2010 to Alfa-Beta banners.The acquisition of Koryfi is subject to customary conditions,including the approval by the Greek antitrust authorities. Thetransaction is expected to close in the fourth quarter of 2009.Alfa-Beta is the second largest food retailer in Greece. At the endof August 2009, Alfa-Beta's network consisted of 204 stores under thebanners Alfa-Beta, AB City Market, ENA cash & carry, AB Foodmarketand AB Shop n' Go. In 2008, Alfa-Beta realized EUR 1.3 billionrevenues and it employed 8 821people.» Delhaize GroupDelhaize Group is a Belgian international food retailer present insix countries on three continents. At the end of the second quarterof 2009, Delhaize Group's sales network consisted of 2 684 stores. In2008, Delhaize Group posted EUR 19 billion (USD 28 billion) inrevenues and EUR 467 million (USD 687 million) in net profit (Groupshare). At the end of 2008, Delhaize Group employed approximately 141000 people. Delhaize Group's stock is listed on Euronext Brussels(DELB) and the New York Stock Exchange (DEG).This press release is available in English, French and Dutch. You canalso find it on the website http://www.delhaizegroup.com. Questionscan be sent to investor(at)delhaizegroup.com.» ContactsGeert Verellen: + 32 2 412 83 62Barbera Hoppenbrouwers (media): + 32 2 412 86 69Amy Shue (U.S. investors): +1 704 633 8250 (ext.2529) cautionary note regarding forward looking statementsStatements that are included or incorporated by reference in thispress release and other written and oral statements made from time totime by Delhaize Group and its representatives, other than statementsof historical fact, which address activities, events and developmentsthat Delhaize Group expects or anticipates will or may occur in thefuture, including, without limitation, statements about strategicoptions, future strategies and the anticipated benefits of thesestrategies, are "forward-looking statements" within the meaning ofthe U.S. federal securities laws that are subject to risks anduncertainties. These forward-looking statements generally can beidentified 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 othersimilar words or phrases. Although such statements are based oncurrent information, actual outcomes and results may differmaterially from those projected depending upon a variety of factors,including, but not limited to, changes in the general economy or themarkets of Delhaize Group, in consumer spending, in inflation orcurrency exchange rates or in legislation or regulation; competitivefactors; adverse determination with respect to claims; inability totimely develop, remodel, integrate or convert stores; and supply orquality control problems with vendors. Additional risks anduncertainties that could cause actual results to differ materiallyfrom those stated or implied by such forward-looking statements aredescribed in Delhaize Group's most recent Annual Report on Form 20-Fand other filings made by Delhaize Group with the U.S. Securities andExchange Commission, which risk factors are incorporated herein byreference. Delhaize Group disclaims any obligation to updatedevelopments of these risk factors or to announce publicly anyrevision to any of the forward-looking statements contained in thisrelease, or to make corrections to reflect future events ordevelopments.http://hugin.info/133961/R/1346570/323509.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 08.10.2009 - 18:05 Uhr
Sprache: Deutsch
News-ID 6737
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 343 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Delhaize Group's Alfa-Beta Acquires Greek Retailer Koryfi"
steht unter der journalistisch-redaktionellen Verantwortung von
Delhaize Group (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
