Ahold Splits From Nordic Grocer ICA In $3.3B Sale

Law360, New York (February 11, 2013, 12:02 PM EST) -- Global supermarket operator Royal Ahold NV will sell its 60 percent stake in Scandinavian retailer ICA to Hakon Invest AB for $3.3 billion, exiting a decade-old joint venture with the private equity firm, the pair said Monday.

The deal comes after Ahold last year said it was exploring options for its interest in ICA, the largest grocery chain in Sweden and a marketplace mainstay in other Nordic countries. The Dutch company, which also operates its cash-cow Stop & Shop line in the U.S., had hinted that...
To view the full article, register now.