Delhaize Group Closes the Acquisition of Greek Retailer Koryfi
(Thomson Reuters ONE) - BRUSSELS, Belgium, November 23, 2009 - Delhaize Group (EuronextBrussels: DELB - NYSE: DEG), the Belgian international food retailer,announced today that it has completed, through its subsidiaryAlfa-Beta Vassilopoulos, the earlier announced acquisition of 11stores and a distribution center operated under the banner Koryfi foran amount of EUR 7.0 million. This highly complementary acquisitionwill 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. Thanks tothis perfect fill-in acquisition of 11 well-located stores and adistribution center, Alfa-Beta reinforces its position in theNortheastern part of Greece where it so far only had a limitedpresence. We are pleased to welcome the employees to the Alfa-Betafamily and to continue to serve the Koryfi customers."In 2008, the revenues of the 11 acquired stores amounted to EUR 30million. The transaction includes the real estate ownership of twostores and a distribution center. Alfa-Beta plans to convert theacquired stores to Alfa-Beta banners before the end of 2010. Theresults of the 11 Koryfi stores will be consolidated in DelhaizeGroup's results from November 23, 2009.Alfa-Beta is the second largest food retailer in Greece. At the endof the third quarter of 2009, Alfa-Beta's network consisted of 204stores under the banners Alfa-Beta, AB City Market, ENA cash & carry,AB Foodmarket and AB Shop n' Go. In 2008, Alfa-Beta realized EUR 1.3billion revenues and it employed 8 821 people.» Delhaize GroupDelhaize Group is a Belgian international food retailer present insix countries on three continents. At the end of the third quarter of2009, Delhaize Group's sales network consisted of 2 697 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.» ContactsGuy Elewaut: + 32 2 412 29 48 AmyShue (U.S. investors): +1 704 633 82 50 (ext. 2529)Geert Verellen: + 32 2 412 83 62Barbera Hoppenbrouwers (media): + 32 2 412 86 69 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/1356678/329701.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 23.11.2009 - 18:05 Uhr
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