Troubled Dutch retailer Ahold is expected to publish its restated 2002 results next week, after delivering its audited accounts to its syndicate of banks.
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The company has a deadline of 30 September to deliver the results to its banks and faces losing access to the first part of its €2.65bn (US$3.04bn) credit line if it misses the deadline, reported Dow Jones.
The credit line was arranged after the eruption of a US$1bn accounting scandal at Ahold following the February revelation of accounting irregularities at its US Foodservice unit.
The company is also likely to unveil a large financing package aimed at helping the company recover from the accounting scandal, a banking source told Reuters.
“There will be a mix of funding sources: cash flow, asset sales, a convertible bond and a rights issue,” the banker said.
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By GlobalDataAn Ahold spokesman declined to comment on any financing package, saying the company was focused on presenting its 2002 audited results to its banks.
“We are now focusing on the figures, only after that will it be time to communicate on other issues,” he said.
