Ahold is taking over 50 of Spar’s stores over in the Czech Republic.
This acquisition is in line with Ahold’s strategy to expand its geographic reach in both current and adjacent markets, and focus on leading market positions.
Ahold has had a presence in the Czech Republic since 1991 and has developed the business under the Albert brand name to become one of the best known food retailers in the country. The deal value is CZK 5,245 million which is about EUR 192 million.
The team is led by Corporate partner Klaas de Vries.
Click here to read Ahold’s press release
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