Ahold preparing to sell Schuitema stake

Dutch retail group, Ahold announced today that it had entered into discussions with the UK private equity group CVC Capital Partners about the possible acquisition by CVC of Ahold’s majority stake in Dutch supermarket group Schuitema.

Although no financial details have been given at this stage, Ahold confirmed that the consideration would include cash and the transfer of more than fifty stores by Schuitema to Ahold.