Ahold, in The Netherlands best known for its Albert Heijn supermarkets, has found a buyer for its Tops supermarkets. An investment fund of investment banker Morgan Stanley has made an 310 million dollar offer for the grocery retailer.
Ahold has been looking to offload its US activities for some time and this deal means the last of its US activities are sold. The company already sold its grocery wholesale activities (US Foodservice) for 7.1 Billion dollars.
The Tops grocery chain has 71 stores in the state of New York and the north of Pennsylvania.
Friday, October 12, 2007
Ahold Finds Buyer for US Supermarket Chain Tops
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