Sligro Food Group N.V., Jumbo Groep Holding B.V. and Coop Holding B.V. announce that on 2 July 2018, they completed the transaction for the sale, announced on 5 March 2018, of all the shares in EMTÉ Holding B.V. and its subsidiaries EMTÉ Supermarkten B.V., EMTÉ Franchise B.V. and EMTÉ Vleescentrale B.V. by Sligro Food Group to the consortium of Jumbo and Coop.
The Netherlands Authority for Consumers and Markets (ACM) had already approved the sale and the Works Councils had expressed a positive opinion. Jumbo and Coop will start converting the EMTÉ supermarkets to their own formats this autumn. Sligro Food Group will continue to provide certain support services to EMTÉ during the transition period in order to ensure a smooth handover of EMTÉ to Jumbo and Coop.
Read more in the press release (English, Dutch or French).
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