Ahold Completes Sale of U.S. Unit

Amsterdam, Dutch retailer Ahold said on Tuesday it has completed the $7.1 billion sale of its U.S. Foodservice unit to Clayton, Dubilier & Rice Fund VII and Kohlberg Kravis Roberts & Co.

“This is a milestone for Ahold. The sale of U.S. Foodservice is a significant step in implementing the company's strategy announced last November," John Rishton, Ahold's acting president and chief executive, said in a statement.