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Ahold Makes First Buy In Three Years with Czech Chain
ZAANDAM, Netherlands -- Ahold will acquire up to 67 Julius Meinl supermarkets in the Czech Republic for an undisclosed sum, the global retailer based here said yesterday. As its first acquisition since embarking on its "Road to Recovery" three years ago in the wake of a major accounting scandal, the deal will increase Ahold's store count in the Czech Republic to about 300, and in Central Europe to approximately 520.