Delhaize to sell Bulgarian storesDelhaize to sell Bulgarian stores

Delhaize Group on Wednesday said it reached an agreement to sell its operations in Bulgaria to AP Mart.

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The transaction is expected to complete in the second quarter subject to regulatory approval as well as customary closing conditions and working capital adjustments. A purchase price was not disclosed.

Delhaize entered Bulgaria in 2011 through its purchase of Serbian retailer Delta Maxi Group.

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