Veghel, 5 March 2018 - Sligro Food Group N.V., Jumbo Groep Holding B.V. and Coop Holding B.V. are pleased to announce that they expect to reach agreement on the sale 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. Sligro and Jumbo also expect to reach agreement on a long-term contract positioning Sligro as preferred supplier of La Place.
The proposed sale involves EMTÉ’s 130 supermarkets, its retail distribution centres in Kapelle and Putten, its meat plant in Enschede and its supporting operational and commercial departments at the head office in Veghel. In 2017 EMTÉ’s net sales were €828 million. Approximately 6,200 employees or approximately 2,700 FTEs are involved in these activities. In addition, the intention is to sell EMTÉ’s supermarket real estate to the same consortium simultaneously in a separate transaction. EMTÉ owns 27 retail sites.
The basic assumption for this transaction is that ultimately 2/3 of the EMTÉ business will be integrated into Jumbo and 1/3 into Coop. Jumbo and Coop have previously worked together successfully on acquisitions and are looking forward to this integration with confidence. Parties aim to complete the transaction in the course of 2018. All employees involved will move to the consortium.
Read more in the press release (English, French or Dutch)
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