Frans Muller and Dick Boer

Frans Muller and Dick Boer

Ahold, Delhaize complete merger agreement

Ahold and Delhaize announced this morning their intention to combine their businesses as Ahold Delhaize, creating one of the largest supermarket chains in the U.S.

The merger, valued at $29 billion, would result in some 2,000 U.S. stores and 6,500 stores worldwide, with sales of more than $44 billion and 375,000 employees.

The transaction is expected to be completed mid-2016, following regulatory clearances, associated consultation procedures and shareholder approval.<

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