Ahold to divest winery joint venture
The Dutch company said that the it is currently in negotiations to sell its stake in Bodegas Williams & Humbert to José Medina y Cía S.A.
Ahold reported net income for 2004 under US GAAP of EUR110 million versus a net loss of EUR 436 million under Dutch GAAP. This more favorable US GAAP result mainly is a consequence of differences in the accounting for divestments and the ICA put transaction under US GAAP versus Dutch GAAP.
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