Royal Ahold, the international food provider, has signed an agreement with several major shareholders of Spanish food retailer, Superdiplo S.A. to tender their 69% stake in the company to Ahold. In order to complete the transaction, Ahold will conduct a tender offer for all the outstanding shares of Superdiplo. As part of the transaction, Ahold will offer 0.74 of an Ahold common share for each Superdiplo share, representing approximately Euro 24 per Superdiplo share. As Superdiplo has 51 million shares outstanding, the total transaction amounts to approximately Euro 1.25 billion. Upon completion of the Superdiplo transaction, Ahold Spain will operate 530 stores with sales of approximately Euro 2 billion.