Ahold Gets Preliminary Czech Approval to Buy SPAR Business
27 June 2014 - 10:30AM
Dow Jones News
Dutch retailer Koninklijke Ahold N.V. (AH.AE) said Friday it has
received preliminary approval from the Czech competition authority
to acquire SPAR's business in the country.
However, the competition authority has stipulated that after
completion of the acquisition, Ahold must sell a limited number of
stores in the Czech Republic.
Once this decision is final, Ahold is authorized to complete the
transaction, it said.
Ahold added that it expects completion to take place in the
second half of this year.
-Write to Ian Walker at ian.walker@wsj.com
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