Acquisition of Edah by Sligro Food Group and Sperwer Holding completed
On 11 September 2006 the completion of the acquisition of Edah’s operations has been realised by S&S Winkels B.V. in which Sligro Food Group and Sperwer Holding each hold 50% of the shares. This transaction was set out by Sligro Food Group in its press release of 20 June 2006.
The final purchase price is €182 million, of which inventories account for around 25%, other tangible assets for 35% and intangible assets, which are recognised for tax purposes, make up the remaining 40%. The net amount of the purchase price to be financed, after deducting operating liabilities, will be approximately €160 million.
Sligro Food Group and Sperwer Holding intend to start immediately on converting the Edah stores to their own formats (EM-TÉ and Golff in the case of Sligro Food Group and PLUS in the case of Sperwer Holding). The first of the rebranded Edah stores will open in the first week of October.
The partners are also proceeding with the sale, as already announced, of around 30 stores which are not compatible with their service formats.
Veghel, 12 September 2006
On behalf of the Sligro Food Group N.V.
A.J.L. Slippens
H.L. van Rozendaal
Tel. +31 413 34 35 00
www.sligrofoodgroup.com
