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Dow Jones reports that Royal Ahold is selling its Indonesian operations -- 22 stores, plus one under construction -- to local operator PT Hero Supermarket Tbk for the equivalent of about $13 million (US), less the cost of inventory.

The deal is expected to close during the third quarter.

Ahold first entered the Indonesian market in 1996, and the operation became a wholly owned subsidiary last year, with annual sales of close to $40 million (US).

Royal Ahold has already announced that it will sell off all of its South American operations in Argentina, Brazil, Chile, Peru, and Paraguay.
KC's View:
Well, this may take a little starch out of speculation that Tesco might buy Ahold whole…

On the other hand, $13 million (US) doesn’t exactly make a dent on Ahold’s overwhelming debt load of $12 billion (US).