Ahold Delhaize postpones the IPO of bol.com - Companies

Ahold Delhaize postpones the IPO of bol.com – Companies

Ahold Delhaize has decided to postpone the IPO of its online store bol.com due to unfavorable market conditions, the Dutch daily Financieele Dagblad reported on Thursday. The information should be confirmed next Thursday during the presentation of the group’s half-year results.

Bol.com was expected to be listed on the Amsterdam stock exchange in the second half of the year, becoming the biggest IPO of the year in the Netherlands.

Delhaize was however cooled by the prices of its store’s competitors, which are all on a downward trend, the end of the confinements having led to a resumption of “physical” purchases. Bol.com saw its sales fall by 7% in the first quarter. The company is valued by analysts between 1.6 and 2.7 billion euros, against 5 to 7 billion at the end of last year.

The information reported by the financial daily has made Ahold Delhaize unscrew at Damrak. After falling very sharply in the wake of the publication, the action recovered and finally gave up 0.9% at the close. The supermarket chain declined to comment.

Bol.com was expected to be listed on the Amsterdam stock exchange in the second half of the year, becoming the biggest IPO of the year in the Netherlands. Delhaize was however cooled by the prices of its store’s competitors, which are all on a downward trend, the end of the confinements having led to a resumption of “physical” purchases. Bol.com saw its sales fall by 7% in the first quarter. The company is valued by analysts between 1.6 and 2.7 billion euros, against 5 to 7 billion at the end of last year. The information reported by the financial daily has made Ahold Delhaize unscrew at Damrak. After falling very sharply in the wake of the publication, the action recovered and finally gave up 0.9% at the close. The supermarket chain declined to comment.

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