SOURCE: Delhaize Group

September 02, 2009 02:14 ET

Delhaize Group Completes the Sale of its German Operations

BRUSSELS, BELGIUM--(Marketwire - September 2, 2009) -


BRUSSELS, Belgium, September 2, 2009 - Delhaize Group (Euronext Brussels: DELB - NYSE: DEG), the Belgian international food retailer, announced today that it has completed the sale of its four stores operated in Germany to the German retail group Rewe. In December 2008, Delhaize Group decided to start the divestiture process of its four German stores, which resulted in an agreement to sell these activities to Rewe in July 2009.

The divestiture of the four German stores to Rewe has been approved by the German antitrust authorities and as a result, the earlier announced transaction has been closed.

Delhaize Group entered the German market as a test in 2003. In 2008, Delhaize Germany recorded EUR 19.5 million in revenues and a small operating loss. Due to the decision to divest, the results of the German business have been reported as results from discontinued operations in the 2008 financial statements of Delhaize Group and until September 1, 2009.

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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, statements about strategic options, future strategies and the anticipated benefits of these strategies, 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, changes in the general economy or the markets of Delhaize Group, in consumer spending, in inflation or currency exchange rates or in legislation or regulation; competitive factors; adverse determination with respect to claims; inability to timely develop, remodel, integrate or convert stores; 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.


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