Netherlands: Ahold Delhaize to acquire 39 Deen stores

Dutch retailer Ahold Delhaize has announced that it has reached an agreement with Deen to acquire a number of stores to be converted to operate under the Albert Heijn banner.

According to the company, Deen intends to sell 80 stores, distribution centres, its remaining business units, and its head office in Hoorn. An agreement is said to have been reached between Deen and Albert Heijn, Vomar Voordeelmarkt, and DekaMarkt, under which Albert Heijn will acquire and convert 39 stores, while Vomar Voordeelmarkt will acquire and convert 22 stores, and DekaMarkt will buy and convert 19 stores.

All parties said they had expressed the intention to ensure maximum job retention for the remaining activities and did not foresee redundancies among store associates.

Financial details of the deal have not been disclosed. The transactions are expected to be finalized in the second half of the year.

Source: Ahold Delhaize