Tesco to Sell Czech, Slovak Businesses to Ahold Delhaize

Volkskrant

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Ahold Delhaize, parent company of Albert Heijn, among others, is taking over hundreds of supermarkets from British Tesco in the Czech Republic and Slovakia.

vrt

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Ahold Delhaize has taken over Tesco's stores in the Czech Republic and Slovakia. The Dutch-Belgian supermarket company is paying Tesco an enterprise value of around 1.2 billion euros, the company reports in a press release. Including leasing debts, this amounts to approximately 1.7 billion euros.

BNR Nieuwsradio

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Ahold Delhaize, owner of supermarket chain Albert Heijn among others, is acquiring hundreds of supermarkets from British Tesco in the Czech Republic and Slovakia. The supermarket group is paying 1.2 billion euros for the full acquisition of Tesco's operations in the two European countries.

telex.hu

Heti Világgazdaság

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Heti Világgazdaság

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A company with a Dutch-Belgian background is taking over the local businesses, but Hungary is not affected by the sale.

444.hu

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They are not selling the Hungarian store network for now, but they are considering what to do with it.

Portfolio

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Tesco has agreed to sell its Czech and Slovak operations to international retail group Ahold Delhaize. The sale is expected to raise €1.2 billion in cash, with the British supermarket chain using most of the proceeds to buy back shares. The transaction does not affect the Hungarian network, which will remain in Tesco's ownership.