BRUSSELS, March 11 Dutch supermarket group Ahold
agreed to buy 50 SPAR supermarkets in the Czech
Republic for an enterprise value of 5.25 billion Czech crowns
($266.3 million), the company said on Tuesday.
The group sold its stake in Nordic grocer ICA for 2.5
billion euros in 2013 and while most of the proceeds were
returned to shareholders, the group kept the door open for
acquisitions near its current markets.
The group said the supermarkets it will buy had net sales of
12 billion Czech crowns in 2013.
Ahold, which makes three-fifths of its revenue in the United
States, already operates 284 Albert supermarkets in the Czech
($1 = 19.7136 Czech Crowns)
(Reporting by Robert-Jan Bartunek)