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Ahold Transfers Controlling Interest in Disco to Cencosud
ZAANDAM, The Netherlands - Ahold has partially completed the sale of its 99 percent controlling interest in Disco S.A. to Chilean retailer Cencosud S.A., by transferring the ownership of approximately 85 percent of the outstanding Disco shares. -
Penn Traffic Postpones Hearing, Continues Sale-Leaseback Transaction
SYRACUSE, N.Y. - The Penn Traffic Co. said it is continuing to explore "the multiple compelling proposals" for a sale-leaseback transaction it has received involving most of its owned stores and distribution center properties which, if consummated, could result in substantial additional funding.