The two companies’ representatives denied commenting on market rumors.
The two retailers’ shares increased on May 11, following the rumors. Delhaize shares went up by 19% to EUR 89.08 per unit, recording the highest increase in the last 12 years, whereas Ahold shares rose by 10%, reaching EUR 18.97 a share.
Delhaize thus achieved a market capitalization of EUR 8.9 billion, while Ahold, EUR 17 billion.
Both retailers make about 60% of their revenues in the United States, where the competition among retailers has increased. Together the two retailers would control 4% of the US food market. (source: Romania-insider.com)