AHOLD PLANS TO SELL BI-LO, BRUNO'S TO PRIVATE GROUP

ZAANDAM, Netherlands -- Ahold here said it has agreed to sell its Bruno's and Bi-Lo chains to Lone Star Funds, a multinational private investment group with offices in Dallas, for $560 million.The price could increase to $660 million if the two chains, which operate 455 stores in the Southeast, achieve certain targets related to the disposition of inventory and assets. Lone Star also will assume the

ZAANDAM, Netherlands -- Ahold here said it has agreed to sell its Bruno's and Bi-Lo chains to Lone Star Funds, a multinational private investment group with offices in Dallas, for $560 million.

The price could increase to $660 million if the two chains, which operate 455 stores in the Southeast, achieve certain targets related to the disposition of inventory and assets. Lone Star also will assume the chains' debt obligations.

The sale would leave Ahold U.S. Retail with a core

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