Troubled Dutch retailer Ahold has announced that today [Monday] it provided its syndicate of banks with the audited 2002 financial report for US supermarket subsidiary, Stop & Shop.
Troubled Dutch retailer Ahold has announced that today [Monday] it provided its syndicate of banks with the audited 2002 financial report for US supermarket subsidiary, Stop & Shop.
Delivering audited 2002 financial statements for Stop & Shop no later than 30 June, was a condition of the €2.65bn (US$3.03bn) credit facility announced on 5 March this year.
These conditions also include the delivery of audited consolidated 2002 financial statements for Ahold no later than 15 August.
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