Food Industry
Industry: Email Alert RSS FeedAhold has announced that it has entered into an agreement to sell its U.S. retail subsidiaries BI-LO and Bruno's to an affiliate of private investment firm Lone Star Funds for total cash proceeds of up to $660 million
Food & Drink Weekly, Dec 27, 2004
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Ahold has announced that it has entered into an agreement to sell its U.S. retail subsidiaries BI-LO and Bruno's to an affiliate of private investment firm Lone Star Funds for total cash proceeds of up to $660 million. Ahold said that it expects to complete the deal in the first quarter of 2005. BI-LO and Bruno's operate in the southeastern region of the United States with a combined store count of over 450 supermarkets and combined 2003 net sales of approximately $6.3 billion.
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