Retail giants complete merger


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Carl Collen


Retail giants complete merger

United States Federal Trade Commission approves deal between Delhaize and Ahold

Retail giants complete merger

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Retailers Ahold and Delhaize Group have received regulatory clearance for their merger from the US Federal Trade Commission (FTC).

The companies subsequently completed the merger with the signing of the merger deed by Ahold CEO Dick Boer and Delhaize Group CEO Frans Muller.
"Today marks the successful completion of this cross-border merger, bringing together two great food retail companies," said Jan Hommen, Ahold supervisory board chairman. "Ahold Delhaize is ready for a strong start, building on its strong foundation, heritage and complementary businesses."

Dick Boer, Ahold CEO added: "Completing this merger today is an exciting and historic moment. I would like to thank all associates for their dedication and hard work. With our new leadership team, we look forward to continuing to deliver for our customers and other stakeholders."
The merger became effective on Sunday 24 July 2016, with Ahold Delhaize shares trading on Euronext Amsterdam and Euronext Brussels today (Monday 25 July) with ticker symbol AD.

Ahold Delhaize American Depositary Receipts (ADRs) will trade over-the-counter in the US and will be quoted on the OTCQX International marketplace.

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