62 Articles
62 Articles
British chain Tesco sells its business in the Czech Republic and Slovakia to Dutch Ahold Delhaize. The total value of the transaction is approximately €1.7 billion, including lease obligations under the rules of IFRS 16. Before accounting for these liabilities, the value of the entity was approximately EUR 1.2 billion. Tesco expects to receive net cash receipts of around 1.2 billion euros before taxes and expenses under the deal. The sale is sub…
Ahold Delhaize, parent company of Albert Heijn, among others, is taking over hundreds of supermarkets from British Tesco in the Czech Republic and Slovakia.
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.
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.
A company with a Dutch-Belgian background is taking over the local businesses, but Hungary is not affected by the sale.
Coverage Details
Bias Distribution
- 45% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
