Ahold continues to invest in growth and strengthens Albert Heijn's position in the Netherlands
(Thomson Reuters ONE) -
Amsterdam, the Netherlands, April 26, 2012 - Ahold today has reached an
agreement with Jumbo regarding the transfer of 78 C1000 and 4 Jumbo stores. The
majority of the stores are owned by entrepreneurs; four are company-owned
stores.
This step fits within Ahold's strategy for sustainable, profitable growth.
Expanding our geographic reach through acquiring stores in and adjacent to
existing markets is an important part of the company's strategy, in addition to
increasing customer loyalty and broadening our offering.
Out of the 82 stores, 57 are located in areas where Albert Heijn does not
currently operate. In the other locations, customers will be able to buy their
daily groceries from an Albert Heijn store that will now be closer to them.
The four company-owned stores will be converted to the Albert Heijn banner as
soon as possible. The other stores will be converted to the Albert Heijn banner
over a period of time, in close cooperation with the entrepreneurs.
Ahold will pay Jumbo ?290 million in cash for this transaction. Ahold will take
over the real estate position of 78 of the 82 branch locations. In 2011, the 82
stores achieved consumer sales of approximately ?800 million. The transaction
with Jumbo is subject to customary conditions, including approval by competition
authorities.
Ahold Press Office: +31 88 659 5343
Ahold Investor Relations: +31 886595213
Twitter: (at)aholdnews
Cautionary notice
Certain statements in this press release are 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. The statements include, but
are not limited to, statements as to the conversion to the Albert Heijn banner
and the satisfaction of customary conditions including, but not limited to, the
approval by competition authorities. Many of the risks and uncertainties relate
to factors that are beyond Ahold's ability to control or estimate precisely,
including but not limited to, unexpected delays in the completion of the
acquisition, inability to satisfy any closing conditions to such acquisition,
any actions or inactions of government regulators and other third parties,
unexpected delays in the conversion to the Albert Heijn banner and other 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". Ahold is the parent company of the Ahold group, of which Albert Heijn
B.V. is a member.
Ahold press release April 26 2012:
http://hugin.info/130711/R/1606648/509411.pdf
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
[HUG#1606648]
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Datum: 26.04.2012 - 15:14 Uhr
Sprache: Deutsch
News-ID 1107922
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