Monday May 22 2000
Ahold sees EUR 20 mln sales from lease of lease Czech supermarkets, outlets
Royal Ahold NV's unit Ahold Czech Republic sees additional sales of EUR 20 mln in 2000 due to the lease of 8 Mana supermarkets and Sesam discount chains in the Czech Republic. The supermarkets and retail chains will join Ahold's 18 existing supermarkets and one hypermarket in the Czech Republic, which operate under the name Albert, Hol said.
Ahold bid for supermarket chain Alcosto
Ahold and the Unigro supermarket chain have bid to acquire Supermercados Alcosto for about EUR 360 mln and EUR 420 mln, respectively, the Expansion financial daily reported, citing sources close to the talks. Expansion said Ahold sees the Unigro offer as grossly out of line. Alcosto, which is controlled by the Canales family, reported sales of about EUR 250 mln in 1998, but forecasts sales of 600 mln in 2001.
Thursday May 18 2000
Ahold greenshoe options exercised
On behalf of the syndicate, Royal Ahold, the international food provider, announces that the greenshoe options to cover overallotments with respect to the combined offering of common shares and subordinated convertible notes, have been exercised. The transaction size of the offering of the common shares will increase by 13,950,000 shares (Euro 362,700,000) to a total of 106,950,000 shares (Euro 2,780,700,000).
Tuesday May 16 2000
Ahold Q1 sales up 18%
Ahold posted an 18.1% year-on-year rise in first-quarter sales on Tuesday and forecast robust net profit growth for full-year 2000. Ahold said consolidated sales increased to EUR 11 bn in the first quarter. Ahold reiterated its 17-20% forecast for 2000 earnings per share growth. Ahold said on Tuesday it would be issuing EUR 2.4 bn of shares priced at EUR 26.00 as well as EUR 800,000 mln of convertible subordinated notes.
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