Ahold to explore strategic alternatives for its stake in ICA
(Thomson Reuters ONE) -
Amsterdam, September 4, 2012 - Ahold has today announced that it is exploring
strategic options regarding its 60% holding in ICA, the Scandinavian retailer.
An IPO on NASDAQ OMX Stockholm in Sweden is one of the alternatives being
considered.
Ahold presented a new growth strategy last year, and aims to focus the execution
of this strategy on businesses it controls, in order to create value.
Ahold and Hakon Invest AB of Sweden jointly share controlling interest over ICA.
During the review, which is expected to take 6-12 months, Ahold will continue to
work closely with Hakon in order to create the best conditions for ICA to
continue to grow and achieve its goals.
ICA is the market-leading food retailer in Sweden. It also operates ICA and Rimi
stores in Norway, and Rimi stores in the Baltics. ICA operates 2,215 retailer-
owned and company-operated retail food stores and had SEK 95,179 million in
sales in 2011.
Ahold Press Office: +31 88 659 5343
Ahold Investor Relations: +31 88 659 5213
Follow us on Twitter: (at)AholdNews
Cautionary notice
This press release includes forward-looking statements, which do not refer to
historical facts but refer to expectations based on management's current views
and assumptions and involve known and unknown risks and uncertainties that could
cause actual results, performance or events to differ materially from those
included in such statements. These forward-looking statements include, but are
not limited to, statements as to Ahold exploring strategic options regarding its
shareholding in ICA, the alternative of an IPO, Ahold's focus on the execution
of its growth strategy on business it controls, the cooperation between Ahold
and Hakon to create of the best conditions for ICA to continue to grow and
achieve its goals. These forward-looking statements are subject to risks,
uncertainties and other factors that could cause actual results to differ
materially from future results expressed or implied by the forward-looking
statements. Important factors that could cause actual results to differ
materially from the information set forth in these forward-looking statements
include, but are not limited to, factors discussed in Ahold's public filings and
other disclosures. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as per the date of this press
release. Ahold does not assume any obligation to update any public information
or forward-looking statements in this release to reflect subsequent events or
circumstances, except as may be required by applicable laws. Outside the
Netherlands, Koninklijke Ahold N.V., being its registered name, presents itself
under the name of "Royal Ahold" or simply "Ahold".
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ahold via Thomson Reuters ONE
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Datum: 04.09.2012 - 08:00 Uhr
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