WASHINGTON (Legal Newsline) —
The Federal Trade Commission (FTC) announced Oct. 31, following a public
comment period, that it has approved a modified final order settling charges against
Koninklijke Ahold and Delhaize Group over their merger.
The FTC had alleged the $28
billion merger would likely be anti-competitive. The two companies own a total
of five well-known U.S. grocery store chains.
The order, first
announced in July, mandates that the companies sell 81 stores to seven
divestiture buyers in order to complete the merger. One of the divestiture
buyers, Supervalu, plans to transfer or sell ownership interest in an acquired
store to another party. The FTC approved this action as part of the modified
final order. Supervalu’s joint venture transaction will move forward with
The FTC voted 3-0 to approve
the modified final order.