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[June 27, 2014]
Ahold receives preliminary approval from Czech competition authority
(Thomson Reuters ONE Via Acquire Media NewsEdge) Zaandam, the Netherlands - Ahold today announced that it has received preliminary approval from the Czech competition authority to acquire SPAR's business in the country.
The competition authority has stipulated that after completion of the acquisition, Ahold is required to divest a limited number of stores in the Czech Republic.
Once this decision is final, Ahold is authorized to complete the transaction.
Ahold expects completion to take place in the second half of this year.
Ahold receives preliminary approval from Czech competition authority:
This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ahold via GlobeNewswire [HUG#1804824]
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