Ahold Delhaize Updates on Store Divestments and Belgium Strategy

Executive Summary

• The Belgian Competition Authority (BCA) approved the merger of Ahold and Delhaize Group on March 15, 2016. The approval was conditional upon the divestment of a number of stores and projects, in Belgium, to address competition concerns.
• Ahold Delhaize announced on March 13, 2017, the first set of sale agreements for the Belgian operations, which included the divestment of five stores and one project.
• The second set of sale agreements was announced on March 23, 2017, and included the divestment of four stores and one project, in Belgium.
• The firm’s key priority over the next few years is to make the Delhaize Le Lion banner “the favorite supermarket of the Belgians,” and will invest in strengthening its offer and customer experience.