Delhaize to Buy Greek Chain

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Delhaize to Buy Greek Chain

01/07/2008
BRUSSELS, Belgium -- Delhaize Group here said Friday it has agreed to acquire Plus Hellas, a Greek supermarket chain owned by the Tengelmann Group, for 69.5 million euros ($102.6 million).

Delhaize said the acquisition of Plus Hellas's 33 stores and a distribution center will boost the position of its own Greek business, Alfa-Beta Vassilopoulos.

Delhaize expects the deal to close during the second quarter.