Company Flags and a logo on the facade of a Delhaize establishment. Photo: ANP / Jonas Roosen
Supermarket giant Ahold is indeed in talks with Belgian peer Delhaize about a possible merger, as Time wrote this weekend. That made the parent company of Albert Heijn just announced.
Delhaize also confirmed the talks in an identical press release. It talks about “preliminary talks”.
“These discussions may or may not result in a future transaction.”
Both the Dutch Ahold and Belgian Delhaize stems from the nineteenth century and started as a family business. Ahold owns Albert Heijn supermarkets, liquor chain Gall & amp; Gall and Etos drugstore chain has 3,206 stores across five countries. It also owns shop Bol.com.
Belgium and USA
Delhaize has 3,402 stores worldwide and is the second player in Belgium. Ahold and Delhaize could be together the market leader in Belgium, where Albert Heijn has 30 branches. Delhaize formerly was also a leader, but was overtaken by rival Colruyt
The combination of Ahold and Delhaize would be possible especially in the United States may be of interest:. Retrieve both companies since more than half of their turnover from.
Both companies are active on the east coast, but only in a few states, both supermarket Delhaize (including Food Lion) and Ahold (including Giant Carlisle) established. When merging the two companies is covered almost the entire east coast.
Greater brother
The two companies were in 2006 already to the table, but there were not then. Delhaize demanded a merger of equals, and Ahold could find bigger is not in there. Ahold is still the big brother with a turnover last year of 32.8 billion euros. Delhaize last year had a turnover of 21.4 billion euros.
In the messages from Time this weekend all investors reacted enthusiastically. Ahold shares yesterday closed 5.5 percent higher. Delhaize ended the day nearly 15 percent off. According to analysts, a merger between the two companies could yield synergies, for example in the area of personnel and distribution. Analysts estimate the potential benefit between 0.5 and 0.8 percent of combined sales
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