Delhaize Completes Merger With Ahold After Receiving FTC Clearance - Quick Facts

(RTTNews) - Belgian food retailer Delhaize Group (DEG) announced Saturday that it has completed the merger with Dutch supermarket chain Koninklijke Ahold NV (AHONY.PK, AHODF.PK) after receiving regulatory clearance from the United States Federal Trade Commission or FTC.

The merger deed was signed today by Delhaize Group CEO Frans Muller and Ahold CEO Dick Boer.

The merger will become effective on Sunday, July 24. Ahold Delhaize shares will start trading on Euronext Amsterdam and Euronext Brussels on Monday, July 25 with ticker symbol AD.

Ahold Delhaize American Depositary Receipts or ADRs will trade over-the-counter in the United States and will be quoted on the OTCQX International marketplace.

It was on June 24 last year that Delhaize and Ahold announced their intention to merge. In March 2016, the shareholders' meetings of both companies approved the merger, and also received conditional approval from the Belgian Competition Authority. FTC clearance was the remaining regulatory approval requirement for the Ahold - Delhaize -merger.