Ahold, Delhaize Shareholders Approve Benelux Supermarket Merger
March 14, 2016 | 1 min to read
AMSTERDAM – Shareholders of Dutch supermarket group Ahold and Belgian peer Delhaize voted overwhelmingly to approve the companies' proposed merger on Monday, removing one of the last hurdles to the plan.
Ahold is buying Delhaize for around 9.8 billion euros ($10.9 bln) in a deal announced last year that will create one of the largest food retailers on the U.S. East Coast, and by far the largest in the Benelux.
At an extraordinary shareholders' meeting in Amsterdam, Ahold CEO Dick Boer underlined the potential cost savings, purchasing and other 'synergies' of the deal, which he estimated at a value of 4 billion euros.
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