The largest food retail transaction in Serbian history successfully completed recently, with CMS in Brussels, London and Belgrade successfully advising Delhaize Group in relation to the acquisition of Delta Maxi Group.
Delta Maxi is the leading Serbian food retail company, operating in more than 450 stores in five Southeastern European countries (Serbia, Bulgaria, Bosnia and Herzegovina, Montenegro and Albania).
In March, Delhaize Group, the Belgian international food retailer present in six countries, entered into an agreement to acquire 100% of the retail company Delta Maxi Group for a purchase price of €932.5m, including net debt of approximately €300m.
Combined with its existing operations in Greece and Romania, the acquisition of Delta Maxi Group makes Delhaize Group a leading retailer in Southeastern Europe.
Source foodbev.com
