CHILE: Ahold's Santa Isabel prepares to sell Paraguayan, Peruvian assets
Chilean supermarket chain Santa Isabel, which is controlled by troubled Dutch retailer Ahold, is preparing to sell its assets in Paraguay and Peru.
The company has hired Price Waterhouse and Ernst & Young to assess the value of the subsidiaries, reported Reuters.
"It's true that in Paraguay and Peru they are assessing the value of the assets. There are no interested buyers yet or anything more specific than that," a company spokeswoman told Reuters.
Ahold is currently in the process of selling Santa Isabel to Chilean group Cencosud, but the deal does not include Santa Isabel's assets outside Chile.
The Ahold spokeswoman said that in order to sell the Chile operations, the company needs to "strip out the value" of the businesses in Paraguay and Peru where it has a 30% market share, reported the Wall Street Journal.
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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