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Delhaize Group announces agreement on sale of Bosnian & Herzegovinian stores

Delhaize Group, the Belgian international food retailer, has announced that it has signed an agreement with Tropic Group B.V. on the sale of its Bosnian & Herzegovinian stores.

Delhaize Group has signed an agreement with Tropic Group B.V., to divest all of its 39 Bosnian & Herzegovinian stores. Tropic Group B.V. is an entrepreneurial organization founded by Mr. Bojan Risovic. He is an established retailer with a long history of successfully running retail enterprises.

The transaction is expected to complete in the third quarter subject to regulatory approval and working capital adjustments.

Please visit www.delhaizegroup.com for more information, or to see this press release in French or Dutch.