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Brussels-based international retail conglomerate Delhaize Group has signed an agreement with AP Mart, under which Delhaize will divest its Bulgarian operations.
The transaction is expected to complete in the second quarter, subject to regulatory approval as well customary closing conditions and working capital adjustments.
Deals in Europe, U.S.
According to published reports, Delhaize had 54 stores in Bulgaria at the close of 2013.
Delhaize is present in nine countries on three continents, employing about 158 000 associates. Its U.S. chains are Food Lion, Hannaford, Bottom Dollar Food. The company recently received FTC approval to proceed with a transaction with Bi-Lo Holdings LLC, under which Bi-Lo will purchase nearly all of Delhaize’s Sweetbay, Harveys and Reid’s stores.