Dutch retail giant Ahold has announced that it has closed the transaction relating to the purchase of Canica’s 20% interest in Scandinavian joint venture ICA.
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Simultaneously, the sale of half of this stake to ICA Förbundet Invest, the other joint venture partner, has been completed, Ahold said.
Ahold became obligated to buy Canica’s interest after Canica exercised its put option in July under the existing shareholders’ agreement for the joint venture.
