Belgian retailer Delhaize to sell Albanian assets in 2013.

By bne IntelliNews January 18, 2013
Belgian food retailer Delhaize Group plans to sell its Albanian operations in 2013, the company said in a statement. Delhaize is the owner of Albanian food store chain Euromax since July 2011, when it purchased Serbian Delta Maxi, the former owner of Euromax. Delhaize operated 23 stores in Albania as of end-2012, up from 18 a year earlier. The Belgian retailer said that it recorded impairment charges of nearly EUR 245mn in the fourth quarter of 2012. These charges also include impairment charges in connection with our Albanian operations, where we have reached an agreement to sell these in 2013. As a consequence, Albania has been classified as a discontinued operation in our consolidated financial statements, Delhaise said.

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