Ahold, Delhaize complete merger

7/25/2016

ZAANDAM, the Netherlands — The CEOs of Ahold and Delhaize group completed the two companies’ merger Saturday with the signing of the merger deed, following the approval of the deal by the Federal Trade Commission. 


 


“Today marks the successful completion of this cross-border merger, bringing together two great food retail companies,” Ahold supervisory board chairman Jan Hommen said Saturday. “Ahold Delhaize is ready for a strong start, building on its strong foundation, heritage and complementary businesses."


 


The combined company began trading Monday as Ahold Delhaize on Euronext Amsterdam and Euronext Brussels, with Ahold Delhaize American Depositary receipts trading over-the-counter in the United States.


 


“Completing this merger today is an exciting and historic moment. I would like to thank all associates for their dedication and hard work,” Ahold CEO Dick Boer said when the merger completed. “With our new leadership team, we look forward to continuing to deliver for our customers and other stakeholders.”


 

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