BRUSSELS, BELGIUM, May 12, 2015 – Delhaize Group confirmed today that it has entered into preliminary discussions with Royal Ahold N.V. to explore the opportunity of combining the two companies.
These discussions may or may not result in a future transaction. The company will communicate material updates, if any, in accordance with regulatory requirements.
Delhaize Group is a Belgian international food retailer present in seven countries on three continents. At the end of March 2015, Delhaize Group’s sales network consisted of 3 410 stores. In 2014, Delhaize Group recorded €21.4 billion ($29.4 billion) in revenues and €89 million ($118 million) net profit (Group share). At the end of 2014, Delhaize Group employed approximately 150 000 people. Delhaize Group’s stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).