Skip to main content

Food Lion has received early termination of the HSR waiting period to acquire 62 stores from Southeastern Grocers

Zaandam, the Netherlands, November 10, 2020 – Ahold Delhaize announces today that Food Lion, its leading brand in the southeastern United States, has made a major step forward today to expand its store network through previously announced plans to purchase 62 BI-LO/Harveys Supermarket stores from Southeastern Grocers. The U.S. Federal Trade Commission has granted Food Lion early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvement Act of 1976 which satisfies one of the conditions of closing the transaction of the purchase of these stores in North Carolina, South Carolina, and Georgia. The 62 stores will be converted to Food Lion stores, as part of the brand’s continued expansion in the southeast of the U.S., and Food Lion expects to hire more than 4,650 associates to serve customers at the stores. This asset deal with Southeastern Grocers, which was announced on June 3, 2020, also includes the acquisition of an additional distribution center in Mauldin, S.C. Both acquisitions are currently expected to be completed during the first half of 2021, subject to customary closing conditions. Financial terms of the deal were not disclosed and Group financial guidance remains unchanged.Cautionary noticeThis communication includes forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Words such as to, will, continued, expect(s)/(ed) to, first half of 2021, subject to, conditions or remains, or other similar words or expressions are typically used to identify forward-looking statements. Forward-looking statements are subject to risks, uncertainties and other factors that are difficult to predict and that may cause actual results of Koninklijke Ahold Delhaize N.V. (the “Company”) to differ materially from future results expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the risk factors set forth in the Company’s public filings and other disclosures. Forward-looking statements reflect the current views of the Company’s management and assumptions based on information currently available to the Company’s management. Forward-looking statements speak only as of the date they are made and the Company does not assume any obligation to update such statements, except as required by law

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.