Colruyt N : Group commences integration and conversion of 49 Match and Smatch stores

PRESS RELEASE - Halle (Belgium) - 4 March 2024 (8h20 CET) - Regulated information

Colruyt Group commences integration and conversion

of 49 Match and Smatch stores in Belgium

On 21 September 2023, Colruyt Group reached an agreement with Match NV and Profi NV, subsidiaries of the group Louis Delhaize NV, to acquire 28 Match and 29 Smatch stores in Belgium. This transaction is subject to the approval of the Belgian Competition Authority ('BCA').

Today, 4 March 2024, Colruyt Group starts to implement the integration and conversion of 25 Match and 24 Smatch stores following the decision of the President of the BCA to authorise this.

This means that, in the days and weeks ahead, most of these stores will open under the banner 'Comarkt' (or 'Comarché' in French-speaking Belgium), a Colruyt Group format that will be used temporarily until the stores have been converted to their final store concept. In this way, we aim to ensure maximum continuity for customers and employees. In the next few years, the stores will be altered and converted to a Colruyt Group format, selected according to store size, local market and customer needs.

Seven stores will close for several months and will already be renovated and converted into their final Colruyt Group store concept.

The 49 Match and Smatch stores are fully consolidated in the consolidated figures of Colruyt Group as of today.

Final approval by the BCA and the decision regarding the remaining Match and Smatch stores, is expected by the end of this month.

The transaction is expected to be fully completed by early April 2024.

Contact details

For questions on this press release or for further information, please contact:

• Journalists:
  Hanne Poppe (press officer) Tel. +32 473 92 45 10 Email: press@colruytgroup.com
• Financial analysts:
  Mélanie Squilbin (Investor Relations) Email: investor@colruytgroup.com

About Colruyt Group

Colruyt Group operates in the food and non-food distribution sector in Belgium, France and Luxembourg with more than 700 own stores and approximately 580 affiliated stores. In Belgium, this includes Colruyt Lowest Prices, Okay, Bio-Planet, Cru, Dreambaby, Bike Republic, Zeb, PointCarré, The Fashion Store and the affiliated stores Spar and PointCarré. In France, in addition to Colruyt stores and DATS 24 filling stations, there are also affiliated Coccinelle, Coccimarket, Panier Sympa and PointCarré stores. Jims operates fitness clubs in Belgium and Luxembourg. Newpharma is the Belgian online pharmacy of Colruyt Group. Solucious and Culinoa deliver foodservice and retail products to professional customers in Belgium (hospitals, SMEs, hospitality sector, etc.). The activities of Colruyt Group also comprise printing and document management solutions (Symeta Hybrid). Colruyt Group also holds interests, including in Virya Energy (to which DATS 24 belongs since June 2023) and in Dreamland. The group employs more than 32.000 employees and recorded a EUR 10,8 billion in revenue in 2022/23. Colruyt Group NV is listed on Euronext Brussels (COLR) under ISIN code BE0974256852.

About Match and Match

The companies Match NV and Profi NV manage 77 outlets, including 30 under the Match banner and 47 under the Smatch banner. Eight franchise outlets, including 3 Smatch and 5 Match, complete the network. Associated Retail handles part of the logistics for both brands. The companies employ 1.759 people in all Belgian regions.

https://www.colruytgroup.com/wps/portal/cg/en/home/investors

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Disclaimer

Colruyt SA published this content on 04 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 March 2024 07:12:03 UTC.