Troubled Dutch retailer Ahold has denied reports that it has set a deadline for the sale of its Spanish assets.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Spanish newspaper Cinco Dias had reported that Ahold expects to divest its Spanish assets by mid-2004 and that it has valued the assets at around €1.5bn (US$1.7bn), reported Dow Jones International News.
Ahold spokesman Nick Gale, however, denied that the retailer had set a deadline or indeed put a price tag on them.
“It is not a firesale, we are going to pursue a cautious and timely approach,” Gale was quoted as saying by Dow Jones. He added that Ahold would not rush because it wanted to “achieve maximum value from the divestments.”
Ahold operates around 625 stores in Spain and has 14,000 employees there.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
