Dutch group Ahold has announced that it has received formal confirmation from Hakon Invest that all conditions for the sale of Ahold's shares in Scandinavian retailer ICA to Hakon have been met.
It was announced in FEbruary that Ahold had reached agreement with Hakon, which currently owns 40 per cent of ICA, to sell its majority shareholding forSKr21.2bn (€2.46bn) in cash.
The groups now expect the transaction to be completed on 27 March 2013.
