Delhaize Group announces agreement on sale of Maxi, Mini Maxi and Tempo stores in Montenegro

Delhaize Group announces agreement on sale of Maxi, Mini Maxi and Tempo stores 
in Montenegro 
BRUSSELS, BELGIUM -- (Marketwired) -- 07/11/13 --  Delhaize Group
(Euronext Brussels: DELB, NYSE: DEG), the Belgian international food
retailer, announces that it has reached an agreement with Expo
Commerce ("Expo") on the divestiture of 25 Maxi,
Mini Maxi, and Tempo
stores in Montenegro. 
Delhaize  Group announces that it has signed  an agreement with Expo
to sell all 25 Maxi,  Mini Maxi, and Tempo stores it operates in
Montenegro.  In 2012, these
stores  generated revenues of
approximately EUR50  million.  Expo is a distributor
of major branded
fast-moving consumer goods. Delhaize and Expo will enter into a
franchise agreement maintaining the Maxi, Mini Maxi and Tempo names. 
The  transaction  is  expected  to  close  in  the fourth quarter of
2013 and is subject  to  regulatory  approval  as  well  as customary
closing conditions and working  capital adjustments. Bank  of America
Merrill  Lynch acted as exclusive
financial advisor to Delhaize Group
for this transaction. 
>> Delhaize Group 
Delhaize Group is a Belgian international food retailer present in
ten countries
on  three continents. At the end of  the first quarter
of 2013, Delhaize Group's
sales  network consisted of  3,411 stores.
In 2012, Delhaize  Group posted EUR22.6
billion  ($29.0  billion)  in
 revenues  and  EUR104 million ($134 million) in net profit  (Group
share). At the end of 2012, Delhaize Group employed
approximately
158,000 people. 
This  press release is available in English, French and Dutch. You
can also find
it  on  the  website  http://www.delhaizegroup.com. 
Questions  can  be sent to investor@delhaizegroup.com. 
cautionary note regarding forward looking statements 
Statements  that are included or incorporated by reference in this
press release
and  other written and oral statements made  from time
to time by Delhaize Group
and its representatives, other than
statements of historical fact, which address
activities,  events and
developments that  Delhaize Group expects or anticipates
will or may
occur in the future, including, without limitation, when the sale of
Maxi,  Mini  Maxi,  and  Tempo  stores  in  Montenegro to Expo is
expected to be completed;  the  financial  flexibility  that  will 
result  from  the sale; the ultimate  value  of  the  transaction  to
 Delhaize  Group after working capital
adjustments,  strategic
options, future strategies  and the anticipated benefits
of   these 
strategies  and  operating  profit  guidance,  are "forward-looking
statements"  within the  meaning of  the U.S.  federal securities 
laws that are subject  to risks and uncertainties.  These
forward-looking statements generally
can  be  identified  as 
statements  that  include  phrases  such as "guidance,"
"outlook," 
"projected," "believe," "target," "predict," "estimate,"
"forecast,"
"strategy,"  "may," "goal," "expect," "anticipate,"
"intend," "plan," "foresee,"
"likely,"  "will," "should"  or other 
similar words  or phrases.  Although such
statements  are based  on
current  information, actual  outcomes and results may differ 
materially from  those projected  depending upon  a variety  of
factors,
including,  but not  limited to,  conditions to  closing the
 sale of Maxi, Mini
Maxi,  and Tempo stores  in Montenegro to  Expo,
including regulatory approvals;
changes in the general economy or the
markets of Delhaize Group, in strategy, in consumer  spending, in
inflation or currency exchange rates or in legislation or regulation;
 competitive factors;  and supply  or quality  control problems
with
vendors.  Additional risks and uncertainties that  could cause
actual results to differ   materially  from  those  stated  or 
implied  by  such forward-looking statements  are described in
Delhaize Group's  most recent Annual Report on Form 20-F  and other 
filings made  by Delhaize  Group with  the U.S. Securities and
Exchange  Commission, which risk  factors are incorporated  herein by
reference.
Delhaize  Group disclaims  any obligation  to update 
developments of these risk
factors  or  to  announce  publicly  any 
revision to any of the forward-looking statements  contained in this
release, or  to make corrections to reflect future events or
developments. 
Press release in pdf format: 
http://hugin.info/133961/R/1715695/570201.pdf 
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants
that: 
(i) the releases contained herein are protected by copyright and    
other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and     
originality of the information contained therein. 
Source: Delhaize Group via Thomson Reuters ONE 
[HUG#1715695] 
Contacts 
Investor Relations:
+ 32 2 412 2151
Media Relations - Group:
+ 32 2 412 8669
Media Relations - Serbia:
+381 65 3495 113
 
 
Press spacebar to pause and continue. Press esc to stop.