Ahold to acquire rest of Thai venture
Article Abstract:
Ahold NV, a Netherlands-based supermarket giant, will take full control of its Thai supermarket joint venture, CRC Ahold. Ahold will acquire the 51% of the joint venture it does not own from its Thai partner, Central Retail Corp. Under the deal, Ahold will provide a loan to Central Group in exchange for the latter's stake in CRC. Central Group pay back the loan in eight years and eventually will have an option to acquire back as much as 50% of CRC. Ahold's acquisition of CRC will make the company the second foreign investor to increase its stake in Thailand's retail industry. CRC operates 38-unit Tops Supermarket chain in Thailand.
Comment:
Will take full control of Thai supermarket JV, CRC Ahold, by acquiring 51% stake it does not own from Central Retail Corp
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Alphatec debt plan may hold the key to Thai future
Article Abstract:
Alphatec Electronics, a computer chip assembler in Thailand, is preparing a restructuring plan and may be placed out of bankruptcy. Price Waterhouse is currently preparing the company's restructuring plan and may submit the document to Thai officials as early as the first week of November 1998. Approval by the creditors of the restructuring of $375 million debt will enable Alphatec to enjoy a clean balance sheet and a chance of starting anew. The document may also enable banks and bond investors to have a possible guide for answering other debt problems in Thailand.
Comment:
Computer chip assembler in Thailand prepares restructuring plan and may be placed out of bankruptcy
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Ahold plans to buy Giant Food
Article Abstract:
Ahold NV plans to acquire Giant Food Inc. of the US for about $2.7 billion, making it one of the US' top food retailers. The company has already bought 50% of Giant Food's voting shares from J. Sainsbury PLC and from Giant Food's heirs for $105 million. The company plans to buy the 59.9 million nonvoting shares outstanding for $43.50 a share. The company plans to pay for the acquisition in cash, which will be financed by a subsequent rights issue. The acquisition would give the company presence in the US' eastern seaboard.
Comment:
Plans to acquire Giant Food of the US for about $2.7 billion, making it one of the US' top food retailers
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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