Ahold Delhaize N.V. : Merger of US peers potentially short-term positive, but strategically less so
>Last Friday, Kroger and Albertsons announced plans to merge - Last week on Friday (14 October), Kroger and Albertsons announced their intention to merge the companies. Kroger will acquire all of Albertsons stock for $ 34.10/share, or a total enterprise value of $ 24.6bn, including $ 4.7bn of net debt. On a pro-forma basis, the merging companies realised combined revenue of $ 210bn, adjusted EBITDA of $ 11.6bn, and net profits of $ 3.3bn in 2021. With 710,000 associat...Koninklijke Ahold Delhaize is an international group of supermarket and foodservice operators based in Europe and the U.S. Co. operates supermarkets and convenience stores. In addition, Co. provides online food retailing services. Co. also finances, develops and manages store sites and shopping centers. Ahold Europe comprises Albert Heijn in the Netherlands and Belgium; Etos, Gall & Gall, and albert.nl in the Netherlands; and Albert / Hypernova in the Czech Republic and Slovakia. Ahold USA is organized into four retail divisions: Giant Carlisle, Giant Landover, Stop & Shop New England, and Stop & Shop New York Metro. The Peapod online business is also part of Ahold USA.
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