AHOLD BUYS STAKE IN SOUTH AMERICAN CHAINS

ZAANDAM, Netherlands -- Ahold here said last week it has become a joint owner of two major supermarket chains in South America, with combined sales of $2.5 billion U.S. in Chile, Peru, Paraguay and Ecuador account for annualized sales of $800 million.Ahold, with more than 3,000 stores worldwide, had sales of $26 billion in 1997. Last week's agreement marks the company's second investment in South

ZAANDAM, Netherlands -- Ahold here said last week it has become a joint owner of two major supermarket chains in South America, with combined sales of $2.5 billion U.S.

in Chile, Peru, Paraguay and Ecuador account for annualized sales of $800 million.

Ahold, with more than 3,000 stores worldwide, had sales of $26 billion in 1997. Last week's agreement marks the company's second investment in South America, following its acquisition in late 1996 of a 50% ownership in Bompreco

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