Ahold secures emergency loan in nick of time before $500m shortfall revealed

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Ahold secures emergency loan in nick of time before $500m shortfall revealed

February 28, 2003 12:00 am

A Eu3.1bn emergency loan package for Ahold was put in place last weekend, just hours before the food retailer group announced accounting irregularities and a $500m shortfall in operating earnings.

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