Stay up-to-date on the latest food retail news and trends
Subscribe to free eNewsletters from Supermarket News
Sponsored By
Ahold-Delhaize combo in 'final stages'
Ahold said Tuesday that it was in the "final stages of negotiations" on a potential merger with Delhaize Group, but stressed that no agreements have yet been reached.
1 Min Read
Ahold said Tuesday that it was in the “final stages of negotiations” on a potential merger with Delhaize Group, but stressed that no agreements have yet been reached.
“Ahold expects to issue a press release in due course,” the company said.
The brief statement came in response to unspecified media reports. European outlets said that Ahold and Delhaize were aiming to complete a deal by the end of the month. The companies were discussing potential synergy savings and executive structures as well as a financial structure, Bloomberg said.
Ahold and Delhaize confirmed they were in talks May 12. Their combination would create a company with some 2,000 U.S. stores and sales of more than $44 billion.
