Dutch retail food store operator Koninklijke Ahold Delhaize NV said March 23 that its Belgian subsidiaries sold four stores and one project to comply with Belgian Competition Authority's (BCA) terms for the merger of Ahold and its Belgian peer Delhaize Group.
French retailer Carrefour SA agreed to buy one Albert Heijn store, two Delhaize-affiliated stores and one project, while an independent supermarket entrepreneur will buy one Albert Heijn store. Financial terms were not disclosed.
The BCA approved the merger March 15, 2016, subject to the sale of eight Albert Heijn stores, five Delhaize-affiliated stores and a limited number of projects in Belgium.
Previously, the company sold five stores and one project March 13. The divestment process for the remaining stores is ongoing, Ahold Delhaize said.
The company, which operates Albert Heijn and Delhaize Le Lion stores in Belgium, also plans to combine the two under the Delhaize Le Lion brand for its Belgian operations. A review of the integration is slated in the first half of 2019.