The Belgian group DELHAIZE (turnover of EUR 7.5 billion in the first quarter 2000) will launch a public exchange offering on the shares it does not already own in its American subsidiary DELHAIZE AMERICA of which it already holds 45%. The exchange ratio is of 0.35 ordinary DELHAIZE shares against one DELHAIZE AMERICA share, bringing the total value of the operation to EUR 2 billion. Furthermore, DELHAIZE sold the stakes it held in the PG supermarkets to its French partner CARREFOUR for EUR...