Dutch retailer Ahold has announced plans to sell its Brazilian supermarket chain G. Barbosa to US investment fund Acon Investments.
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Following troubles arising from financial misdemeanous at its US subsidiary U. S. Foodservice, Ahold has sold off a number of its Latin American operations, including Bompreco and Hipercard.
G. Barbosa owns 32 hypermarkets and supermarkets in the Brazilian states of Sergipe and Bahia. Its 2003 turnover was R$963.6m (US$357.1m).
