Ahold completes sale of ICA stake

AMSTERDAM — Dutch supermarket operator Royal Ahold has completed the sale of its majority stake in a Scandinavian supermarket chain, the company said Wednesday.

Ahold announced that it had completed the sale of its 60% stake in ICA to Swedish firm Hakon Invest for $3.3 billion. The deal was announced Feb. 11.

Based in Sweden, ICA operates the ICA and Rimi chains in Scandinavia and the Baltics.