trending Market Intelligence /marketintelligence/en/news-insights/trending/4DFQLPTDVbGosl56Qz4l9Q2 content esgSubNav
In This List

Ahold Delhaize agrees to sell final store in Belgian divestment

Blog

Insight Weekly: Unease roils markets; US likely to slip into recession; firms' cash ratios fall

Blog

Christopher & Banks Corporation – tracking the early-warning signals of credit risk

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future


Ahold Delhaize agrees to sell final store in Belgian divestment

Koninklijke Ahold Delhaize NV said Oct. 4 it agreed to sell one of its stores in Belgium, setting the supermarket operator up to satisfy a divestment ordered in 2016 by the Belgian Competition Authority.

Ahold Delhaize plans to sell a supermarket near Groenplaats in central Antwerp to Retail Partners Colruyt Group, which operates grocery stores under the Spar banner, the Dutch company said in a statement. Ahold Delhaize currently operates the store under its Albert Heijn banner.

The deal is subject to closing conditions and will complete a divestment of 13 stores that the Belgian Competition Authority ordered in March 2016 as a condition for its approval of the merger between Ahold and Delhaize.

Before the sale of its Groenplaats location, the company also sold stores in Belgium to French grocer Carrefour SA and German discount chain Lidl Dienstleistung GmbH & Co. KG.