Ahold Mum on KKR, Tesco Rumors
AMSTERDAM -- Ahold here has declined to comment on rumors that New York-based global private equity fund Kohlberg Kravis Roberts & Co. (KKR) may bid on Ahold's U.S. operations, which include grocery banners Stop & Shop, Giant-Carlisle, and Giant-Landover, while U.K. supermarket giant Tesco was interested in the Dutch retail conglomerate's European operations.
"We do not comment on rumors and speculation," an Ahold spokesman told AFX. Tesco and KKR have offered no comment on whether they're actually preparing bids.
Ahold's shares rose 4.6 percent in response to the rumors.
"We do not comment on rumors and speculation," an Ahold spokesman told AFX. Tesco and KKR have offered no comment on whether they're actually preparing bids.
Ahold's shares rose 4.6 percent in response to the rumors.