Amsterdam, The Netherlands – Giant Carlisle, a division of Ahold USA, announced today it has entered into an agreement with Genuardi's Family Markets, a subsidiary of Safeway Inc., to acquire sixteen Genuardi's stores in Greater Philadelphia for $106 million.
This acquisition fits well within Ahold’s strategy to grow our businesses as presented in November last year. We continue to actively explore growth opportunities in and around our current markets in the United States and Europe, and in new geographies where we can achieve sustainable profitable growth.
To read the full Giant Carlisle announcement, please refer to the attached press release
This press release includes forward-looking statements, which do not refer to historical facts but refer to expectations based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those included in such statements. These forward-looking statements include, but are not limited to, statements as to the closing of the transaction. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Ahold’s ability to control or estimate precisely, such as factors discussed in Ahold’s public filings and other disclosures. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Ahold does not assume any obligation to update any public information or forward-looking statements in this press release to reflect subsequent events or circumstances, except as may be required by applicable laws.