Amsterdam, June 30, 2008 - Ahold today announced that it has successfully completed the sale of its 73.2% interest in Schuitema N.V. to private equity firm CVC Capital Partners.
This follows the agreement announced on April 23, 2008. As part of the transaction, Ahold obtains stores, real estate, a cash amount and a 20% indirect interest in Schuitema in preference shares, without supervisory board representation.
Stores will be transferred in several tranches and converted to Albert Heijn stores. This process is expected to be completed by the end of 2008.