US: Ahold, Delhaize Agree to Sell Dozens Of Stores

Ahold and Delhaize have announced that their US subsidiaries have reached agreements with buyers to divest 86 stores, as they look to gain approval from the Federal Trade Commission for their proposed merger.   No financial details of the deal, which is subject to approval from the FTC, were given.

The stores operate under the Hannaford, Food Lion, Stop & Shop, Giant Food, and Martin’s banners.  They are located in Maryland, Massachusetts, Pennsylvania, Virginia, Delaware, and New York. The list of buyers includes Publix (10), Supervalu (22), Tops Markets (6), and Weis Markets (38), amongst others.  The divested stores are expected to be converted by the buyers to their own banners.

Ahold noted: “Ahold and Delhaize Group have been working hard to resolve the competition concerns raised by the FTC, and we are pleased to have found strong, well established buyers for the stores we are required to divest. We deeply appreciate the long-time support of our customers and associates in these locations and are confident that the new owners will continue to serve local communities well.”

Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Email this to someonePrint this page