Dutch retail giant Ahold has announced that it has completed the divestment of 12 large Hypernova hypermarkets in Poland to Carrefour.
Closing of the transaction, which was announced on 15 November 2004, was subject to the fulfilment of various conditions, including antitrust approval.
This divestment is part of Ahold's strategy to optimise its portfolio and strengthen its financial position by reducing debt.
Later this year, Ahold expects to divest its 13th and only remaining large Hypernova hypermarket in Poland.
Ahold will focus its Polish activities on further development of its two other store formats: the supermarket and compact-hypermarket. Ahold Polska currently operates 170 supermarkets under the Albert banner and 13 compact-hypers that trade under the Hypernova name.