Ahold plans completion of ICA sale Wednesday
AMSTERDAM — Royal Ahold expects its deal to sell its share of the European supermarket chain ICA to Hakon Invest to be completed next Wednesday, the Dutch supermarket operator said Thursday.
Ahold said the conditions for the sale of its 60% stake in ICA to Swedish investor group Hakon Invest had been met.
Ahold announced the $3.3 billion deal in February. Based in Sweden, ICA also operates the ICA and Rimi chains in Norway and the Baltics. Ahold owns the Stop & Shop, Giant-Carlisle and Giant-Landover supermarket banners and the Peapod online grocery service in the United States.