Ahold Delhaize Sells Albert Heijn Store to Spar Owner Colruyt
04 Octobre 2017 - 4:13PM
Dow Jones News
By Oliver Griffin
Koninklijke Ahold Delhaize N.V. ADR (ADRNY) on Wednesday said it
has agreed to sell its last supermarket in Belgium to Retail
Partners Colruyt Group, the Belgian owner of retail brand Spar.
Albert Heijn Groenplaats is the last store left in the Dutch
company's mandatory store divestment program in Belgium, initiated
after the merger of Ahold and Delhaize Group in 2016.
The deal price was not disclosed. Its finalization is subject to
customary closing conditions, after which it will take
approximately one month to transfer ownership of the site.
Albert Heijn Groenplaats workers will remain employed by Albert
Heijn Belgium, but will be relocated to other Albert Heijn stores
in Antwerp and surrounding area.
Write to Oliver Griffin at oliver.griffin@dowjones.com
(END) Dow Jones Newswires
October 04, 2017 09:58 ET (13:58 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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