Binder Grösswang advises Koninklijke Ahold on Spar and Interspar acquisitions

Binder Grösswang partners Michael Kutschera and Markus Uitz have advised Dutch company Koninklijke Ahold NV on the acquisition of approximately 50 Spar and Interspar supermarkets, with a total of about 4,700 employees, in the Czech Republic.

Ahold was advised by De Brauw Blackstone Westbroek as transaction counsel and Binder Grösswang as Austrian counsel.

The transaction was signed on 10 March 2014; the closing is still subject to approval by the competent competition authorities.