The Belgian international food retailer Delhaize Group has announced that it is acquiring 100% of the retail company Delta Maxi Group for €932.5 million.
That price includes Maxi’s net debt of €300 million, while the transaction includes real estate holdings which encompass more than half of the stores in Serbia and seven distribution centers of Delta Maxi Group. Delta Maxi Group operates close to 450 stores in five countries in Southeastern Europe.
“We are very excited about this transaction that fully supports the acceleration of our sales growth rate, a key priority of our new game plan. Delta Maxi Group is a strong retailer built very dynamically in five countries in Southeastern Europe, a region that Delhaize Group has thus far focused on with Alfa Beta in Greece and Mega Image in Romania,” Pierre-Olivier Beckers, President and Chief Executive Officer of Delhaize Group, said in an official press release.