Royal Ahold (NYSE: AHO), the international food provider, today announced Royal Ahold’s Spanish supermarket company, Superdiplo, has signed an agreement to acquire Cemetro, a small supermarket chain on the Canary Islands.
Cemetro operates 24 stores on Gran Canaria, Fuerteventura and Lanzarote. The stores are located in high density tourist areas. Annualized sales are approximately Euro 45 million. Superdiplo has requested approval for the transaction from Spanish authorities.
Go deeper with GlobalData
Ahold’s Superdiplo is a multi-format food retailer with over 300 stores in southern Spain, Andalucia, the Canary Islands and the greater Madrid region. It has annualized sales of Euro 1.5 billion. Ahold also signed an agreement to purchase five Varela supermarkets in the Spanish capital Madrid.
Ahold now operates approximately 550 stores in Spain with annualized sales of approximately Euro 2 billion.
Background
Royal Ahold operates approximately 8,200 supermarkets, hypermarkets and other store formats in the United States, Europe, Latin America and Asia with annualized sales approaching Euro 50 billion. The company is also developing significant experience in the foodservice industry and as an e-commerce player. Ahold employs 400,000 associates and serves the food needs of over 30 million loyal customers in 26 countries every week. Ahold’s website can be found at www.ahold.com. In addition to its listing on the New York Stock Exchange (NYSE: AHO), Ahold’s shares are trading on the Amsterdam Exchanges and on the Swiss Exchange. Additional information is available on Ahold’s website: http://www.ahold.com.
-0- Royal Ahold press releases may contain `forward-looking’ statements. Actual results may differ from such statements as they may have been influenced by factors beyond the company’s ability to control.
