ZAANDAM, Netherlands -- Ahold here said it has agreed to sell its Bruno's and Bi-Lo chains to Lone Star Funds, a multinational private investment group with offices in Dallas, for $560 million. The price could increase to $660 million if the two chains, which operate 455 stores in the Southeast, achieve certain targets related to the disposition of inventory and assets. Lone Star also will assume the chains' debt obligations. The sale would leave Ahold U.S. Retail with a core of four ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

Why Register for FREE?

Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick.  What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
 

Click here to read the FAQ page if you have any questions (opens in a new window)
 

Attention Paid Print Subscribers:  While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.