Key Developments: Delhaize Group SA (DELB.BR)

DELB.BR on Brussels Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Koninklijke Ahold and Delhaize announce intention to merge
Wednesday, 24 Jun 2015 01:45am EDT 

Koninklijke Ahold NV:Ahold and Delhaize announce intention to merge.Anticipated run-rate synergies of 500 million euros per year.Transaction is expected to be completed mid-2016, following regulatory clearances, associated consultation procedures and shareholder approval.Ahold shareholders will own c. 61 pct of combined company's equity and delhaize shareholders will own c. 39 pct of combined company's equity.Merger will create a complementary base of more than 6,500 stores with 375,000 associates.Mats Jansson, chairman of Delhaize Group, will become chairman of Ahold Delhaize.Dick Boer, chief executive officer of Royal Ahold, will become chief executive officer.At completion, Delhaize shareholders will receive 4.75 Ahold ordinary shares for each Delhaize ordinary share.  Full Article

Belgian regulator fines Delhaize Group 24.9 mln euros for personal care cartel - Reuters
Monday, 22 Jun 2015 06:31am EDT 

Delhaize Group:Belgium's competition authority found Delhaize Group guilty of fixing prices of personal care products between 2002 and 2007 - Reuters.Delhaize was fined 24.9 mln euros.  Full Article

Delhaize Group confirms preliminary discussions with Ahold
Tuesday, 12 May 2015 02:00am EDT 

Delhaize Group:Confirms preliminary discussions with Koninklijke Ahold NV.Says discussions may or may not result in a future transaction.  Full Article

Delhaize Group announces completion of sale of Bottom Dollar Food store locations
Friday, 27 Mar 2015 03:08am EDT 

Delhaize Group:It has completed the sale of its Bottom Dollar Food store locations to ALDI Inc.  Full Article

Delhaize Group proposes FY 2014 gross dividend
Thursday, 5 Mar 2015 01:01am EST 

Delhaize Group:Proposes FY 2014 gross dividend of 1.60 euro per share, a 3 pct increase compared to FY 2013.  Full Article

Delhaize Group announces project agreement with social partners
Tuesday, 10 Feb 2015 02:55am EST 

Delhaize Group:Says that it has issued a press release after reaching a project agreement with its social partners.Says this project agreement will be presented by the social partners to their supporters and will be submitted to Delhaize Group's Board of Directors.Says should all parties agree, the project agreement will become an official collective labor agreement that could be signed on Feb. 23.  Full Article

Delhaize Group issues FY 2014 Capex guidance above analyst estimates
Thursday, 6 Nov 2014 01:00am EST 

Delhaize Group:Sees FY 2014 Capex of about 625 million euros.FY 2014 Capex 610.9 million euros - Thomson Reuters I/B/E/S.  Full Article

Delhaize Group to sell Bottom Dollar Food store locations
Wednesday, 5 Nov 2014 09:01pm EST 

Delhaize Group:Signs agreement to sell ALDI Inc. Bottom Dollar Food's 66 store locations in greater Philadelphia and greater Pittsburgh markets for about $15 mln.Price includes assumption of associated lease liabilities.Transaction expected to result in asset impairment and other charges for Delhaize Group of about $180 mln.All stores are anticipated to remain open as Bottom Dollar Food stores until year-end.Transaction subject to customary closing conditions and expected to be completed by end of Q1 2015.  Full Article

Delhaize Group joins Coopernic
Monday, 29 Sep 2014 02:01am EDT 

Delhaize Group:Says it will join Coopernic, the European Buying Alliance as from Jan. 2015.Coopernic is currently formed around E. Leclerc and will be joined this October by Coop Italia.The three companies have decided to collaborate on private brands, commercial terms with international suppliers and synergies in non-food procurement.  Full Article

Delhaize Group completes sale of its Bosnian and Herzegovinian stores
Friday, 8 Aug 2014 07:01am EDT 

Delhaize Group:Announces that it has completed the divestment of its Bosnian and Herzegovinian stores to Tropic Group B.V.  Full Article

UPDATE 1-Ahold reports US margin gains, booming Dutch online

* Dutch online units see consumer sales jump over 30 pct (Adds details from conference call)

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