Published reports say that Ahold – which is looking to sell off non-core properties so it can bolster a bottom line damaged by a billion-dollar accounting scandal – has received an offer for its 628 Spanish stores from an investment firm controlled by Santander Central Hispano and the Royal Bank of Scotland.
However, terms of the bid were not disclosed, and the presence of other interested parties suggests that this is by no means a done deal.
Ahold also is trying to sell its Bi-Lo and Bruno’s chains in the US.
However, terms of the bid were not disclosed, and the presence of other interested parties suggests that this is by no means a done deal.
Ahold also is trying to sell its Bi-Lo and Bruno’s chains in the US.
- KC's View:
