A district court in Haarlem, in the Netherlands, will hold a preliminary hearing tomorrow [Friday] to determine whether charges should be brought against beleaguered Dutch retailer Ahold over an acquisition in South America.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Former chief executive Cees van der Hoeven will appear in court. The case involves Ahold’s acquisition of a stake in an Argentine supermarket operation sold by Chilean grocer D&S. Ahold bought the stake via its Argentine subsidiary Disco.
D&S, represented by Dutch law firm Nauta Dutilh, argues that Ahold completed the purchase this year in pesos, by then extremely devalued, and thus underpaid, reports the Financial Times.