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Delhaize Group completes divestment of Sweetbay, Harveys and Reid's

Delhaize Group has announced that it has completed the divestment of the Sweetbay, Harveys and Reid's operations to Bi-Lo Holdings for a cash amount of $246 million, subject to customary post-closing adjustments.

Delhaize Group also completed, in a separate transaction, the sale of its distribution centre in Plant City, Florida to C&S Wholesale Grocers for an amount of $28 million.

Please visit www.delhaizegroup.com for more information.

Publication date: 6/3/2014


 


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