Ahold will sell ICA stake for $3.3B

Sweden's Hakon Invest will acquire the 60% of Scandinavian 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 stores in the U.S. and continental Europe, which account for 95% of revenue.

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