Royal Ahold NV, the Dutch owner of the Stop & Shop chain, left open the possibility of acquisitions as it considers how to utilize cash raised from the $3.1 billion disposal of its stake in Swedish retailer ICA.
Royal Ahold NV, the Dutch owner of Stop & Shop grocery stores, is likely to redistribute some of the 20 billion kronor ($3.1 billion) proceeds of its ICA stake sale to shareholders as it shies away from large acquisitions.
Royal Ahold NV, the Dutch owner of the Stop & Shop chain, reported stronger U.S. sales than some analysts anticipated as American shoppers stocked up with provisions ahead of superstorm Sandy in October.
Royal Ahold NV Chief Executive Officer Dick Boer said the company has the financial means for growth and is waiting for the right opportunity and the right time for an acquisition, NRC Handelsblad reported.
Royal Ahold NV, the Dutch owner of Stop & Shop grocery stores, said first-quarter profit unexpectedly dropped as consumers reined in spending on groceries amid higher unemployment in Europe and the U.S.