CHILE: D&S could halt sale of Ahold's Santa Isabel
Chilean retailer D&S is considering legal action to try to impede the sale of Santa Isabel, a subsidiary of Dutch retailer Ahold. D&S's complaint relates to money owed by Ahold concerning the Dutch group's purchase of ten Argentine stores from D&S in 2000. D&S believes Ahold should pay back a US$90m debt related to the transaction, but Ahold has agreed only to pay the equivalent sum in the now significantly devalued Argentine peso currency. This would amount to just $46m.
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