Ahold's Eu3bn rescue rights on course despite fresh loss and US scandal news

28 Nov 2003

Ahold, the world's third largest retailer, announced pricing for its Eu3bn rights issue this week amid a hail of bad news, including an unexpected third quarter loss and continuing revelations about the $1.2bn accounting scandal in its US subsidiary.

The issue, which will expand Ahold's market capitalisation by about 51%, will be made at Eu4.83 - a discount of 42% to the share price close on Tuesday. Investors will receive two shares for every three they hold.

...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.