The shareholders of the Dutch retail group Ahold have approved the sale of the company’s US Foodservice arm for US$7.1bn.
Investors approved the sale at an Extraordinary General Meeting where a proposal to return EUR3bn (US$4bn) to shareholders via a capital repayment and reverse stock split was also approved.
Ahold announced on 2 May that its US Foodservice operation was to be sold toprivate equity groups Clayton, Dubilier & Rice and Kohlberg Kravis Roberts.
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