Ahold, the international food retailer and foodservice operator, today opened a new financial center in Geneva, Switzerland. This new center, Ahold Finance Group Suisse, focuses on inter-company financing, European cashpooling and European centralized payment.
The new center includes Aholdâ€™s Treasury & Corporate Finance Department. Initially, the total group consists of 10 specialists of which six will be relocated from Zaandam to Geneva.
The new financial center has been established to help safeguard the sustainability of Aholdâ€™s current level of effective tax rate in the future. As an international company, Ahold has taken this step to be optimally prepared in the uncertain fiscal situation within the European Union.
As of today, Ahold operates three financial centers: Zaandam, Chantilly (Virginia) and Geneva.