March 16, 2006 - Amsterdam, The Netherlands – Ahold announced today it has successfully completed the sale of the three shopping centers in Bielsko Biala and Elblag, Poland and in Karviná, the Czech Republic to ING Property Fund Central Europe, a fund managed by ING Real Estate.
The value of the transaction, consisting of a cash consideration and debt repaid to Ahold, amounts to approximately EUR 108 million.
Ahold and ING Real Estate announced the transaction on December 7, 2005. The closing was subject to fulfillment of certain conditions, including antitrust approval.
Ahold Central Europe will continue to operate its Hypernova hypermarket in the center of Karviná. Ahold’s hypermarket operations in the Polish Centers were already divested in February 2005.