NETHERLANDS: Dutch prosecutor hopes for early-2004 completion of Ahold probe
The Dutch public prosecutor, which is investigating accounting irregularities at Ahold, has said it hopes the investigation of the Dutch retailer will be completed early next year.
The public prosecutor announced in April that it was investigating Ahold after the company revealed a US$1bn accounting scandal, and raided the company's Dutch offices in July, reported Reuters.
"The investigation will take some time, we hope it will be completed in the beginning of next year and until that time we cannot comment any further," Maarten Hemelaar, a spokesman for the public prosecution, was quoted by Reuters as saying.
"The next step would be that we have to decide whether or not to press charges," he added.
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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