Zaandam, The Netherlands, January 17, 2001 – Royal Ahold’s Spanish supermarket company, Superdiplo, has signed an agreement to acquire Cemetro, a small supermarket chain on the Canary Islands. Cemetro operates 24 stores on Gran Canaria, Fuerteventura and Lanzarote. The stores are located in high density tourist areas. Annualized sales are approximately Euro 45 million. Superdiplo has requested approval for the transaction from Spanish authorities.
Ahold’s Superdiplo is a multi-format food retailer with over 300 stores in southern Spain, Andalucia, the Canary Islands and the greater Madrid region. It has annualized sales of
Euro 1.5 billion. Ahold also signed an agreement to purchase five Varela supermarkets in the Spanish capital Madrid.
Ahold now operates approximately 550 stores in Spain with annualized sales of approximately Euro 2 billion.