Hedge Fund Elliott Takes a Stake in Ahold Delhaize
Posted on 11/18/2021
Elliott Advisors (UK) Limited became an investor in Ahold Delhaize N.V. and that it holds an economic interest in excess of 3% of the company. Elliott’s investment in Ahold Delhaize reflects its strong conviction in the quality and prospects of the Ahold Delhaize’s underlying assets, and in particular the strength and potential of euro Dutch online retail business Bol.com. Elliott supports Ahold Delhaize’s decision to begin the process of separating Bol.com, which could help unlock significant value for shareholders.
Earlier this week, Ahold Delhaize disclosed it wants to spin off its 5.5 billion euro Bol.com, which is competing with Amazon.com, and to list its shares in the second half of 2022.
Elliott looks forward to continuing its constructive dialogue with Ahold Delhaize.
Elliott Investment Management L.P. manages approximately $48 billion of assets. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest funds under continuous management. Elliott Advisors (UK) Limited is an affiliate of Elliott Investment Management L.P.
Koninklijke Ahold Delhaize N.V., commonly known as Ahold Delhaize, is a Dutch grocery retail company. Its name comes from a merger between Ahold and Delhaize.
Keywords: Elliott Management Corporation.