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Netherlands/US: Ahold, Delhaize in merger discussions

By  |  May 11, 2015

The talks between Dutch company Royal Ahold NV, which owns Quincy-based Stop & Shop, and Belgian firm Delhaize Group, which owns Hannaford Brothers were first reported by Belgian newspapers De Tijd and L’Echo and then by Bloomberg on Monday.

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    The combination of Ahold and Delhaize would control about 4 percent of the American grocery industry, Bloomberg reported. The combined company would create the third-largest U.S. grocer with about $40 billion in annual sales behind Walmart and Kroger.

    “Ultimately, both groups would benefit from a transformational deal in order to improve their structural prospects, and that is why we expect the likelihood of a combination to be high,” James Grzinic said in a note.

     

    Full content: Bloomberg

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