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Ahold Fulfills Plan to Exit Brazil


Amsterdam, In a move that would complete Royal Ahold’s exit from Brazil, Dutch retailer Royal Ahold agreed to sell G. Barbosa Comercial, its Brazilian retail chain, to a division of U.S.-based company ACON Investments for 90 million euros ($122.4 million). The deal should close in the first quarter of 2005. G. Barbosa is a food retailer with 32 hypermarkets and supermarkets. Its areas of strength are the states of Sergipe and Bahia in northeast Brazil.

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