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Ahold to acquire from SPAR 50 stores in Czech Republic

Tuesday, 11 Mar 2014 02:00am EDT 

Koninklijke Ahold NV:Agrees to acquire SPAR's business in Czech Republic for enterprise value of 5,245 million Czech crowns subject to merger clearance.Acquisition to be funded from existing cash resources.Acquisition includes 50 stores, of which 36 compact hypers and 14 supermarkets.SPAR 2013 net sales 12 billion Czech crowns.Number of the company's supermarkets and compact hypers in Czech Republic increased to over 330 from 284. 

Company Quote

-0.195 -1.52%
1 Oct 2014