Ahold selling spree could extend to US
Dutch supermarket concern Ahold is rumoured to be in talks to sell of its US subsidiary, the hotspot of the $880m hole in its consolidated accounts.
The sale of US Foodservice would be part of a plan designed by Ahold’s interim chief financial officer Dudley Eustace, in a bid to reduce the grocer’s euro 12bn (£8bn) debt.
Ahold today said it would sell its Dutch candy store chain Jamin in a management buy-out. Last month it put its South America businesses up for sale and it has already sold an Indonesian operation.
Several sources close to Ahold have said it was now in early talks about a sale of its US subsidiary, US Foodservice. Ahold has declined to comment on the ‘rumours and speculations’ about a pending sale of US Foodservice.