Brussels, Belgium, September 2, 2009 - Delhaize Group, the Belgian international food retailer, announced today that it has completed the sale of its four stores operated in Germanyto the German retail group Rewe. In December 2008, Delhaize Group decided to start the divestiture process of its four German stores, which resulted in an agreement to sell these activities to Rewe in July 2009.
The divestiture of the four German stores to Rewe has been approved by the German antitrust authorities and as a result, the earlier announced transaction has been closed.
Delhaize Group entered the German market as a test in 2003. In 2008, Delhaize Germany recorded EUR 19.5 million in revenues and a small operating loss. Due to the decision to divest, the results of the German business have been reported as results from discontinued operations in the 2008 financial statements of Delhaize Group and until September 1, 2009.