Sligro Food Group N.V. (ENXTAM:SLIGR) entered into an agreement to acquire Exquisite Food NV on January 23, 2017. As per the transaction, Sligro Food Group will acquire all shares of Exquisite Food NV and its subsidiaries ISPC International NV, ISPC Ghent NV, Exquisite Seafood NV and Ocean Maree NV. Exquisite Food NV reported sales of €86 million in 2016. The transaction will be registered with the Belgian Competition Authority. Sligro Food Group and Exquisite Food will consult relevant work councils where necessary. The transaction is expected to be completed in the first half of 2017. Sligro expects the acquisition to be accretive to earnings per share from 2018. Arjan Minnigh, Arnoud Kuik and Derk Menheere of ING Groep NV acted as financial advisor for Sligro Food Group.