Belgian supermarket chain Delhaize, the owner of the Mega Image supermarket chain in Romania and Dutch retailer Ahold have started negotiations on a possible merger, according to Belgian newspapers, cited by Reuters.

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.

editor@romania-insider.com