Belgian retailer Delhaize Group has called on holders of the two tranches of the group’s Euro denominated bonds to consent to ‘various technical amendments in relation to the legal structure’, ahead of the merger with Ahold.
This ‘consent solicitation’ process will take place following general meetings of bondholders on January 11.
Bondholders are also being asked to approve a change of issuer.
In a statement, Delhaize Group reminded bondholders that “upon completion of the merger, Delhaize Group will be dissolved without going into liquidation and shall cease to exist.”
Further details on the consent solicitation, post-merger legal structure and related matters are included in the Participation Solicitation Memoranda prepared and made available by Delhaize Group on its website.
© 2015 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. To subscribe to ESM: The European Supermarket Magazine, click here.
