Troubled Dutch retail giant Ahold has said it would ask permission to postpone publication of its disputed 2002 results until the end of November at the latest.
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The retailer said it would ask shareholders at its 13 May general meeting to allow it to postpone publication of the 2002 results by a maximum of six months from the 29 May deadline, reported Reuters.
Ahold said it still planned, however, to publish the 2002 results before 30 June, as stipulated in the terms of a €3.1bn (US$3.32bn) bank liquidity facility obtained in March.
Meanwhile insurer AEGON, which manages the Albert Heijn loyal clients fund, said the fund would not longer invest 50% of its money in Ahold shares, in order to limit the negative effects of the drop in the retailer’s share price.
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