date:Mar 12, 2014
Ahold has entered into an agreement to acquire SPAR's business in the Czech Republic for an enterprise value of CZK 5,245 million. The acquisition will be funded from existing cash resources and is subject to merger clearance. Ahold acquires 50 stores, of which 36 are compact hypers and 14 are supermarkets. In 2013 net sales amounted to CZK 12 billion.
This acquisition is in line with Ahold's strategy to expand its geographic reach in both current and adjacent markets, and focus on leading mark