Ahold Acquires SPAR in the Czech Republic
summary：Ahold, the Amsterdam-based Dutch retailer, today announced that it has successfully completed its acquisition of SPAR's business in the Czech Republic....
Ahold, the Am
sterdam-based Dutch retailer, today announced that it has successfully completed its acquisition of SPAR's business in the Czech Republic.Ahold announced in March that it had reached an agreement to acquire SPAR's business in the Czech Republic, as part of the company's strategy to expand its geographic reach in both its current and adjacent markets, and focus on leading market positions.
It will acquire 50 SPAR stores, with a combined turnover of around €437 million.
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, with around 284 stores.
The addition of the SPAR stores could make Ahold one of the biggest supermarket chains in the Czech Republic.