Hedge funds building stake in Ahold with plans to break it up – report

Forbes – Activist hedge fund Centaurus has been secretly building a strategic stake in Royal Ahold NV, as part of plans to break up the Dutch food services group, reported The Business citing sources familiar with the situation.

The report said Centaurus is believed to have so far spent 400 mln eur in building its 4 pct stake.

The Business cited the sources as saying that the hedge fund is leading a group of investors, thought to include the US’s Paulson, which has also been building a stake.

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