ARGENTINA/NETHERLANDS: Ahold will fight to complete sale of Disco
Dutch retailer Ahold said today [Wednesday] it would continue to fight court orders that could throw off course the sale of its Disco retail subsidiary in Argentina.
The Dutch company said in a press release it would appeal to Argentina's Supreme Court against rulings that are delaying the sale of Disco to Chilean would-be buyer Cencosud.
Ahold said it was still reviewing the consequences of the decisions rendered by the Court of Appeal and is preparing an appeal to the Argentine Supreme Court on the adverse court orders. If ultimately enforced the adverse court orders could lead the parties to reverse the transfer of the Disco shares to Cencosud, at least temporarily, Ahold admitted.
Dutch retailer Ahold has announced the completion of the sale of its chain of 198 Wilson Farms and Sugarcreek convenience stores, part of its US subsidiary Tops Markets....
Dutch retailer Ahold has announced that Kerry Underhill has been appointed senior vice president corporate communications, effective 1 July 2005....
Dutch retailer Ahold has reported sales and operating income little changed in the first quarter of 2005, but net income was sharply down because of a one time gain in the first quarter last year....
Dutch retailer Ahold has announced today (Tuesday) that its chief financial officer Hannu Ryöppönen is to leave the company....
Danish based dairy company Arla Foods is opening a new representative office in Hungary....
Dutch retailer Ahold today (Wednesday) announced that it had signed a new €2bn (US$2.5bn) credit facility with a syndicate of fifteen banks. ...
Dutch retail giant Ahold has said its net sales declined 1.0% to €13.0bn (US$16.5bn) for the first quarter of 2005....
Supermarket company Giant Food, a subsidiary of Dutch retailer Royal Ahold's US arm Ahold USA, has announced restructuring plans for the remainder of 2005 and 2006....
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