Ahold Completes Sale of Paraguay Operations
AMSTERDAM -- Dutch supermarket retailer Royal Ahold NV said today that it has successfully completed the sale of its 100 percent interest in Supermercados Stock S.A. to A.J. Vierci.
This transaction is limited to Ahold's supermarket activities in Paraguay. A.J. Vierci is owner and managing director of Grupo A.J. Vierci. Grupo A.J. Vierci currently operates media, industry, and trade businesses in Paraguay.
The divestment of Supermercados Stock S.A is part of Ahold's strategic plan to restructure its portfolio, divest consistently underperforming assets, and concentrate on its mature and most stable markets. Supermercados Stock S.A. operated 10 supermarkets at year-end 2002 and has been part of Ahold's portfolio since 1998. At year-end 2002, the company was a subsidiary of Santa Isabel S.A. in Chile and employs approximately 800 employees.
This transaction is limited to Ahold's supermarket activities in Paraguay. A.J. Vierci is owner and managing director of Grupo A.J. Vierci. Grupo A.J. Vierci currently operates media, industry, and trade businesses in Paraguay.
The divestment of Supermercados Stock S.A is part of Ahold's strategic plan to restructure its portfolio, divest consistently underperforming assets, and concentrate on its mature and most stable markets. Supermercados Stock S.A. operated 10 supermarkets at year-end 2002 and has been part of Ahold's portfolio since 1998. At year-end 2002, the company was a subsidiary of Santa Isabel S.A. in Chile and employs approximately 800 employees.