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Announced

Albert Heijn, Vomar Voordeelmarkt and DekaMarkt to acquire DEEN Supermarkets.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Acquisition

Majority

Friendly

Pending

Diversified Retailers

Netherlands

Private

supermarkets

Single Bidder

Synopsis

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Albert Heijn, the largest supermarket chain in The Netherlands, Vomar Voordeelmarkt, a discount market chain, and DekaMarkt, a Dutch retail company which operates a chain of supermarkets, agreed to acquire DEEN Supermarkets, a Dutch supermarket chain. Financial terms were not disclosed. "Together with the Deen family and the CEO of DEEN Supermarkets we have extensively and carefully explored the options. We are happy that together with them, Vomar and DekaMarkt, we have achieved this result today. For Albert Heijn, it is a unique addition to our store base in North Holland and an important strategic step. DEEN is a traditional Dutch family business, committed with heart and soul to their employees and customers. The expertise, the experience in the stores, and their strong commitment to the community, are a great fit with everything we also stand for. Together with DEEN’s employees, we look to the future with confidence," Marit van Egmond, Albert Heijn CEO.

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