Reuters reports that the Santa Isabel supermarket chain, controlled by Royal Ahold, failed to post 2002 earnings on deadline, resulting in the Chilean government suspending the trading of its shares on the stock market there.
No reasons were given for why Santa Isabel missed the deadline. Ahold is currently in the process of selling the company to Chilean group Cencosud, a deal expected to close this month.
Ahold has been facing financial scrutiny on a number of fronts since it became embroiled in a major accounting scandal.
No reasons were given for why Santa Isabel missed the deadline. Ahold is currently in the process of selling the company to Chilean group Cencosud, a deal expected to close this month.
Ahold has been facing financial scrutiny on a number of fronts since it became embroiled in a major accounting scandal.
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