Published:
Ahold to sell three shopping centers in Poland and the Czech Republic to ING Real Estate
Amsterdam, The Netherlands, December 7, 2005 - Ahold Central
Europe
today announced that it has signed an agreement to sell the
shopping
centers it owns in Bielsko Biala and Elblag, Poland and in
Karviná,
the Czech Republic to ING Property Fund Central Europe, a fund
managed by ING Real Estate. The value of the transaction,
consisting
of a cash consideration and debt repaid to Ahold, amounts to
approximately EURO 108 million.
This transaction is expected to close in the first quarter of
2006,
and is subject to satisfaction of customary closing conditions.
Ahold Central Europe, that developed the centers, will continue to
operate its Hypernova hypermarket in Centrum Karviná. Ahold's
hypermarket operations in the Polish Centers were already divested
in
February 2005.
Ahold Press Office: +31 20 509 5343
Disclaimer
Certain statements in this press release are forward-looking
statements within the meaning of the U.S. federal securities laws.
These statements include, but are not limited to, statements as to
Ahold's intention to sell three of its shopping centers in Poland
and
the Czech Republic to an affiliate of ING Real Estate and the
expected timing thereof; and statements as to the expectation that
Ahold Central Europe will continue to operate its Hypernova
hypermarket in Centrum Karviná. These forward-looking statements
are
subject to risks, uncertainties and other factors that could cause
actual results to differ materially from the future results
expressed
or implied by the forward-looking statements. Many of these risks
and
uncertainties relate to factors that are beyond Ahold's ability to
control or estimate precisely, such as the effect of general
economic
or political conditions, unexpected delays in planned divestures,
the
inability to satisfy, or delays in satisfying, the closing
conditions
for such planned divestures, actions of courts, law enforcement
agencies, government agencies and other third parties, and other
factors discussed in Ahold's public filings. Many of these and
other
risk factors are detailed in Ahold's publicly filed reports.
Readers
are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
Ahold does not undertake any obligation to publicly release any
revisions to these forward-looking statements to reflect events or
circumstances after the date of this press release, except as may
be
required by applicable securities laws. Outside The Netherlands,
Koninklijke Ahold N.V., being its registered name, presents itself
under the name of "Royal Ahold" or simply "Ahold."
Copyright © Hugin ASA 2005. All rights reserved.
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Tags: ,Food and Beverage:Retailers, ,NYSE0001,,AMSTERDAM, NETHERLANDS
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