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Netherlands: Supermarket group Ahold says merger talks in final stages

By  |  June 23, 2015

Dutch supermarket group Ahold is in the “final stages” of merger negotiations with Belgian peer Delhaize, it said on Tuesday, though the company declined to confirm media reports that a deal would be announced this week.

The proposed merger, which would create a top 20 global retailer with a strong presence in both Europe and the United States, is widely viewed as a move that would allow the pair to fight booming discounters by pooling their buying power.

Dutch newspaper Het Financieele Dagblad reported on Tuesday that the companies had agreed that Ahold would hold about 60 percent of the combined company, which would be headed by Ahold Chief Executive Dick Boer.

Full content: The Wall Street Journal

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