AHOLD PLANS ASSET SALES, MORE CENTRALIZED CONTROL

ZAANDAM, Netherlands -- Ahold here has revealed a sweeping restructuring strategy, which includes plans to issue 2.5 billion euros (about $2.9 billion) in stock and sell off its Spanish operations.In a press conference here, Anders Moberg, chief executive officer, said the "road to recovery" would include divestments amounting to nearly $3 billion by 2005, though he maintained that Ahold's troubled

ZAANDAM, Netherlands -- Ahold here has revealed a sweeping restructuring strategy, which includes plans to issue 2.5 billion euros (about $2.9 billion) in stock and sell off its Spanish operations.

In a press conference here, Anders Moberg, chief executive officer, said the "road to recovery" would include divestments amounting to nearly $3 billion by 2005, though he maintained that Ahold's troubled U.S. Foodservice subsidiary would not be sold off. Ahold is currently saddled with ove

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