Business & Finance
Ahold sells stake in Swedish grocer ICA to Hakon for $3.3bn
BRUSSELS: Dutch retailer Ahold has sold its 60 percent stake in Swedish supermarket chain ICA to Hakon Invest, which a
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Ahold said it sold the stake for 21.2 billion Swedish crowns ($3.3 billion) in cash, a sum that included ICA's 2012 dividend. Ahold announced in September it was exploring options for its 60 percent stake in ICA, including a possible flotation on Sweden's stock exchange.