The merger between Ahold and Delhaize Group has received approval from the Federal Trade Commission and is in effect, with the company now trading on Euronext Amsterdam and Euronext Brussels.
Ahold CEO Dick Boer and Delhaize Group CEO Frans Muller signed the merger deed Saturday, according to a news release.
“Today is the start of an important new chapter and a unique opportunity to deliver even more for customers and communities, associates and shareholders,” Boer, now the CEO of Ahold Delhaize, said in another release. “Building on common values, complementary operations and proud legacies of success, we move forward with leading positions particularly on the United States East Coast and in Europe.”
The company recently announced the divestiture of 86 of its U.S. stores, including 61 Food Lion locations, in connection with the merger.
Ahold Delhaize is headquartered in Zaandam, the Netherlands, and its 22 brands include 6,500 stores and more than 375,000 employees, according to the company’s website. Ahold Delhaize is active in Belgium, the Czech Republic, Germany, Greece, Luxembourg, the Netherlands, Romania, Serbia and the United States, among other countries.