AHOLD SET TO ACQUIRE RED FOOD

CHATTANOOGA, Tenn. -- Ahold moved last week to expand its U.S. operations with the acquisition of Red Food Stores here.Ahold, based in Zaandam, Netherlands, said it intends to acquire the 55-store supermarket chain from Promodes, a French company, for an undisclosed amount. Promodes acquired Red Food in 1980 and operated the chain through its holding company, Pramer.Red Food is the dominant food retailer

CHATTANOOGA, Tenn. -- Ahold moved last week to expand its U.S. operations with the acquisition of Red Food Stores here.

Ahold, based in Zaandam, Netherlands, said it intends to acquire the 55-store supermarket chain from Promodes, a French company, for an undisclosed amount. Promodes acquired Red Food in 1980 and operated the chain through its holding company, Pramer.

Red Food is the dominant food retailer in this market, according to local observers, and likely has more than

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