The group, struggling to recover from a €970m accounting scandal, is expected to announce a €2bn rights issue plus significant divestments.
The group has also published a revised timetable for reporting including a trading update on third quarter sales for 28 October and publication of the annual report on 31 October.
Hnnua Ryopponen, chief financial officer, said: ‘Resources at Ahold were stretched to the limit to provide shareholders with the 2002 financial results. Preparing the next set of financial data will require sufficient timee to ensure that they are completed with the degree of thoroughness and precision expected by shareholders.’
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements