ZAANDAM, Netherlands -- Ahold here has revealed a sweeping restructuring strategy, which includes plans to issue 2.5 billion euros (about $2.9 billion) in stock and sell off its Spanish operations. In a press conference here, Anders Moberg, chief executive officer, said the "road to recovery" would include divestments amounting to nearly $3 billion by 2005, though he maintained that Ahold's troubled U.S. Foodservice subsidiary would not be sold off. Ahold is currently saddled with over ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

WhyRegisterfor FREE?

Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, 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 grantedfreeaccess to SNwe ask that youregister 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.