NETHERLANDS: Ahold expects to double sales in Spain within three years
Royal Ahold (NYSE:AHO), the international food provider, expects its sales in Spain will double within three years to approximately Euro 4 billion annually. The growth projection is based on strong autonomous sales growth and new acquisitions. So stated Ahold President & CEO, Cees van der Hoeven, while addressing a group of Spanish retailers at a Food Congress in Valencia yesterday. Including the acquisition of supermarket operator, Superdiplo, Ahold in Spain will own at year-end 530 stores with annualized sales of Euro 2 billion. It makes the company's Spanish operations three times as large as they are today.
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