Tuesday, January 02, 2001
Royal Ahold, the international food provider, today announced that the Spanish Stock Exchange Authorities ('Comisin Nacional del Mercado de Valores') have declared a positive result of Ahold's public tender offer for the outstanding shares of Superdiplo S.A.
Superdiplo shareholders tendered 49,797,129 of the 51,000,000 outstanding Superdiplo shares in connection with the tender offer which closed at midnight on December 27, 2000. This amount represents 97.64% of Superdiplo's share capital.
Ahold has issued a total of 36,849,875 new common shares in connection with the public tender offer. This represents 0.74 Ahold shares for every Superdiplo share tendered. The new Ahold shares are expected to begin trading on the Amsterdam Exchanges (Euronext) as of January 3, 2001.
Including Superdiplo with over 300 stores, Ahold now operates approximately 530 stores in Spain with annualized sales of Euro 2 billion.