BI-LO, Bruno's sold for $560 million

12/23/2004 | Washington Post, The · Financial Times (free content)

Royal Ahold said it has reached a deal to sell the two U.S. grocery chains to Lone Star Funds, allowing it to reach its goal of selling $3.35 billion worth of assets by the end of the year. "The divestment comes at the end of a year of transition for Ahold and marks a major milestone along our Road to Recovery," said Ahold CEO Anders Moberg. The deal involves 450 stores in the Southeast.

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Washington Post, The · Financial Times (free content)

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