Ahold to sell stake in ICA for $3.3 billion

Sweden-based Hakon Invest will acquire the 60% of Scandanavian supermarket chain ICA that it doesn't already own from Dutch company Ahold, in a deal valued at about $3.29 billion. Ahold, which has held its ICA stake for 12 years, plans to focus on building business at its stores in the US and continental Europe, which account for 95% of total revenue.

View Full Article in:

New York Times (tiered subscription model), The · Wall Street Journal, The

Published in Brief:

SmartBrief Job Listings for Retail

Job Title Company Location
Associate, Human Resources
Total Wine & More
potomac, Maryland
Product Manager - Style & Co
Macy's
New York, New York
Category Merchandising Manager
REI
Kent, Washington
President
NASGW
IL
Regional Food Safety Manager
BJ's Wholesale Club
Baltimore, Maryland