On 11 March 2014, Ahold announced that it had reached an agreement to acquire Spar’s business in the Czech Republic as part of the company’s strategy to expand its geographic reach in current and adjacent markets, and focus on leading market positions.
Ahold has had a presence in the Czech Republic since 1991 and has developed the business under the Albert brand name to become one of the best known food retailers in the country.
Source: Ahold
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