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Ahold Delhaize updates on divestments

Retailer reports progress on store divestments agreed with Belgian Competition Authority during merger

Ahold Delhaize updates on divestments

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Ahold Delhaize has announced its Belgian subsidiaries have reached agreements to divest four stores and one project in Belgium, thereby complying with the conditions that the Belgian Competition Authority (BCA) attached to its approval of the merger of Ahold and Delhaize Group last year.

Carrefour has agreed to buy one Albert Heijn store and two Delhaize affiliated stores, as well as one project. Independently and separately, an independent supermarket entrepreneur has agreed to buy one store from Albert Heijn.

The BCA approved the merger of Ahold and Delhaize Group on 15 March 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.

The retailer said it was continuing to work in close cooperation with the BCA and potential buyers to complete the divestment process for the remaining stores included in the package as agreed with the regulator.

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