PropertyEU

Ahold to slash stake in Swedish retail chain

By A staff reporter 2006-12-07T00:00:00

ICA, the Scandinavian retail unit 60% owned by Ahold of the Netherlands, is to reduce its interest in the Swedish Netto Marknad chain to 5% from 50%. ICA said on Thursday it had reached an agreement with joint venture partner Dansk Supermarked about the move.

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