Ahold to Buy Back 56 Stores in Dutch Deal: Report

Ahold will repurchase 56 supermarkets in the Netherlands from Schuitema, the supermarket retailer that Ahold has been seeking to divest.

AMSTERDAM — Ahold here will repurchase 56 supermarkets in the Netherlands from Schuitema, the supermarket retailer that Ahold has been seeking to divest. Ahold owns a 73% stake in Schuitema. The stores, branded C1000, would add about $706 million to Ahold’s retail sales in the Netherlands, where its Albert Heijn chain holds the No. 1 share, according to a Reuters report. Ahold could not be reached for comment yesterday.

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