Belgian retailer Delhaize has announced that it has launched through its wholly-owned Dutch subsidiary Delhaize Nederland (Delned) a voluntary public tender offer of €35.73 for all common registered shares of Alfa-Beta Vassilopoulos (ABV) not yet held by the group.
Through Delned, Delhaize currently holds over 90 per cent of Greek retailer ABV's shares.
At the end of the related period, Delhaize said that it would exercise its right to acquire any remaining shares that were not tendered during the tender-offer period.
Once the company reaches the 95 per cent mark in ABV voting rights, Delhaize intends to initiate the process to delist the Greek company from the Athens Exchange.
