Ahold Is The Last Remaining Bidder For Lion Capital’s Hema – Report

Ahold is the last remaining bidder for Dutch retailer Hema, according to Reuters citing Dutch daily Het Financieele Dagblad. In September, British-based Lion Capital LLP said it was exploring the potential sale of the business.

(Reuters) – Dutch supermarket group Ahold (AHLN.AS: Quote, Profile, Research, Stock Buzz) is the last remaining bidder for Dutch retailer Hema, put up for sale by private equity group Lion Capital, but is still to decide whether to push ahead with a deal, a newspaper reported on Monday. Lion Capital said in September it was exploring a potential sale of Hema, the second Dutch retailer up for sale this year, following the announced sale of department store chain V&D and its La Place restaurants by Maxeda to Sun European Partners.

Despite the initial large amount of interest in Hema, almost all of the interested parties have since pulled out of the running, except for Ahold, Dutch daily Het Financieele Dagblad reported on Monday, citing various sources close to the deal.

An Ahold spokesman declined to comment.

The paper said British private equity groups CVC Capital Partners and BC Partners think the price Lion Capital is seeking for Hema is too high, the paper reported.

Market observers have said they expect Lion Capital to be seeking about 1.5 billion euros ($2.05 billion) for Hema, news agency ANP reported on Sunday.