Generic business handshake

Dutch retailer Ahold and Belgian group Delhaize have announced that they expect to complete their proposed merger on Saturday 23 July.

The groups noted that they would merge if regulatory clearance has been obtained from the United States Federal Trade Commission by that date.

Subject to completion of the merger on, Ahold Delhaize is expected to start trading on Euronext Amsterdam and Brussels on 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.