Delhaize has filed the Joint Merger Proposal for its intended merger with Ahold at the Brussels Commercial Court today (January 15).
In June of 2015, Ahold and Delhaize Group announced their plan to merge to create an international retailer with a large portfolio of local brands, and 375,000 associates serving over 50 million customers each week across the US and Europe.
Filing the proposal completes one of the required steps before the companies’ respective Extraordinary General Meetings of shareholders convene, which is expected to take place in the first half of this year.
The Joint Merger Proposal, as well as the draft Articles of Association for the future combined company, is available at www.adcombined.com, www.ahold.com and www.delhaizegroup.com.
The transaction is expected to be completed in mid-2016, after regulatory clearances, associate consultation procedures and shareholder approval.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Jenny Whelan. To subscribe to ESM: The European Supermarket Magazine, click here.
