Ahold announced yesterday (16 March) that it has successfully completed the sale of one Czech and two Polish shopping centres to ING Property Fund Central Europe, a unit of ING Real Estate. The deal was originally announced on 7 December 2005 and closing was subject to a number of conditions, including antitrust approval.
Go deeper with GlobalData
The transaction, which consisted of a cash consideration and debt repaid to Ahold, amounted to approximately EUR108m (US$131.5m).
Ahold withdrew from its Polish hypermarket operations in February last year, but the company will continue to operate a hypermarket in Karviná in the Czech Republic.
