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Delhaize completes sale of three banners to Bi-Lo

Delhaize Group has completed the divestment of the Sweetbay, Harveys and Reid´s operations to Bi-Lo Holdings for a cash amount of $246 million, subject to customary post-closing adjustments.

As part of a previously announced Federal Trade Commission settlement, Bi-Lo Holdings LLC agreed to sell 12 supermarkets in Florida, Georgia and South Carolina to settle charges that its acquisition of 154 stores from Delhaize America would harm competition in several local markets in those states.

Delhaize Group also completed, in a separate transaction, the sale of its distribution center in Plant City, FL, to C&S Wholesale Grocers for an amount of $28 million.