Zaandam, the Netherlands – Ahold and Delhaize Group have received regulatory clearance for their merger from the United States 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.
Jan Hommen, Ahold Supervisory Board Chairman said: "Today marks the successful completion of this cross-border merger, bringing together two great food retail companies. Ahold Delhaize is ready for a strong start, building on its strong foundation, heritage and complementary businesses."
Dick Boer, Ahold CEO said: "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 will become effective on Sunday, July 24, 2016 at 00:01 a.m. CET. Ahold Delhaize shares will start trading on Euronext Amsterdam and Euronext Brussels on Monday, July 25 with ticker symbol AD. Ahold Delhaize American Depositary Receipts (ADRs) will trade over-the-counter in the United States and will be quoted on the OTCQX International marketplace.