date:Apr 02, 2014
Belgium's Delhaize Group has announced that it has signed an agreement with Tropic Group to sell off all of its 39 stores in Bosnia Herzegovinia.
According to a press release issued by Belgium's largest retailer just this morning, the transaction is expected to complete in the third quarter subject to regulatory approval and working capital adjustments.
A fee for the transaction was not disclosed. Tropic Group B.V. is an entrepreneurial organization founded by Bojan Risovic, an established