The Belgian supermarket chain Delhaize and Dutch retailer Ahold have completed their merger after having received regulatory clearance from the United States Federal Trade Commission.
The merger officially came into effect at 00:01am on Sunday 24th July following the signing of the deeds by Delhaize CEO Frans Muller and his Ahold counterpart, Dick De Boer. Mats Jansson, Chairman of Delhaize Group said: “Today is a historic day, we are now really bringing together these two great companies, creating an even stronger international food retailer. We are completing this international transaction with great momentum and a high level of readiness.”
Frans Muller, Delhaize Group CEO said: “We are pleased to complete our merger with Ahold today. I
would like to thank our associates for all their work and dedication. The moment to merge has never been
more right, and we are confident that we will deliver even more for customers, communities and
At the time of the merger, Delhaize Group had 3556 stores in seven countries and on three continents and employed more than 150,000 people. In some quarters, the merger has been seen more as a takeover by the Dutch retailer. Ahold Delhaize shares will begin trading on Euronext Amsterdam and Euronext Brussels under the ticker symbol AD.
Source: Press Release