Delhaize Buys Greek Chain from Tengelmann

Delhaize Group said Friday that it has agreed to acquire Greek retailer Plus Hellas from the Tengelmann Group of Germany for about $102.7 million.

BRUSSELS — Delhaize Group here said Friday that it has agreed to acquire Greek retailer Plus Hellas from the Tengelmann Group of Germany for about $102.7 million. The acquisition, which Delhaize is making through its existing chain in Greece, Alfa-Beta Vassilopoulos, includes 33 stores and a distribution center. The deal is expected to close in the second quarter. Plus Hellas has annual sales of about $100 million, according to Tengelmann’s website. Tengelmann owns a large stake in the A&

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