Group of creditors to acquire Hema for $506m.

Group of creditors, ING Bank, Credit Suisse, The Carlyle Group and ABN AMRO, agreed to acquire Hema, a Dutch variety store-chain. Some $506m of the retail chain's debt will be converted into shares and the group of creditors will thus become the full owner of the company. "Today's agreement represents the next step in our journey to bring back Hema to financial stability and is therefore a critical step to secure the future of Hema," Tjeerd Jegen, Hema CEO.