Belgian discount retailer Colruyt has today (4 November) launched a tender offer for the takeover of Foodinvest Group based in Bornem, Antwerp.
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The deal would include Foodinvest, BVBA Foodliner, Sejo, the SA and SPRL Walschap Bodegas. The company is active in the foodservice sector and is primarily focused on catering.
Colruyt said it hopes to sign the purchase agreement in January 2010. The deal would boost the company’s bid to strengthen its presence in the foodservice market and continue to expand its activities both in Belgium and abroad.
In Belgium, Colruyt is already active in the sector through its subsidiaries.
The bid meets the usual conditions, including the fixing of a final agreement on all terms and transactional approval of the takeover by the Competition Council, the company said today.
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By GlobalData
