Tops Sale Marks Latest U.S. Divestment by Ahold

Ahold last week said it has reached an agreement to sell its Tops Markets chain, the latest in a series of asset sales since Amsterdam-based Ahold restructured in the wake of a 2003 financial scandal. Morgan Stanley Private Equity, part of the Morgan Stanley investment banking firm, New York, said it would pay $310 million for Tops, which operates 71 stores in western

Williamsville, N.Y. — Ahold last week said it has reached an agreement to sell its Tops Markets chain, based here, the latest in a series of asset sales since Amsterdam-based Ahold restructured in the wake of a 2003 financial scandal.

Morgan Stanley Private Equity, part of the Morgan Stanley investment banking firm, New York, said it would pay $310 million for Tops, which operates 71 stores in western New York state and northwestern Pennsylvania. It also has five franchised loc

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