Private equity firms pay US$7.1 billion
Dutch grocery giant Ahold has completed the sale of US Foodservice for US$7.1 billion (£3.5 billion), to a consortium of private equity firms Clayton, Dubilier & Rice and KKR.
Ahold acting president and CEO John Rishton said: 'This is a milestone for Ahold. The sale of US Foodservice is a significant step in implementing the company's strategy announced last November.'
The group also said it has completed the sale of its Polish retail operations for Eu375 million (£253.1 million), to an affiliate of French retailer Carrefour.
The deal was subject to the fulfillment of certain conditions, which were obtained at the end of last week, and consists of a cash consideration and assumed debt.
In May, Ahold revealed it would return Eu3 billion (£2.05 billion) to shareholders though a share buy-back programme, following the sale of its US Foodservice business.
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