AMSTERDAM (AP) — Dutch supermarket operator Royal Ahold NV says it has agreed to sell its 60-percent stake in Scandinavian retailer ICA for 21.2 billion krona ($3.3 billion) to investment group Hakon Invest.
The deal announced Monday is subject to regulatory approval and could give Hakon full control of ICA, which operates 2,215 food stores and had sales of 96.86 billion krona ($15 billion) last year.
ICA is Sweden's largest food retailer and also operates ICA and Rimi stores in Norway and Rimi stores in the Baltics.
Ahold's operations include the U.S. supermarket chains Stop & Shop and Giant.
Pop goes Piers Morgan's liberal narrative on the #UCCShooting
Thomas Sowell - Charlatans and Sheep: Part II
Trey Gowdy on Kevin McCarthy’s Hillary comments: Apologizing doesn’t fix the damage to the Benghazi committee
Not Welcome in Umpqua: Armed Protest May Greet President's Attempt to Exploit Tragedy - Bearing Arms - Barack Obama, Mass Shooting, Oregon, Umpqua Community College
Ted Cruz finds a question that the Sierra Club DARED not answer. | RedState
Recycling: The Triumph of Feel-Goodism over Common Sense
The War on America Turns 50 | Human Events