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Announced

Completed

Salling Group completed the acquisition of the Polish business of Tesco for $227m.

Financials

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Transaction Value£180m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales0.1x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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retail chain

Majority

grocery wholesale supermarket

Friendly

online supermarket

Poland

Private

Diversified Retailers

Acquisition

Single Bidder

Cross Border

Completed

Synopsis

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Salling Group, a retailing group, completed the acquisition of the Polish business of Tesco, a British multinational groceries and general merchandise retailer for $227m. “We have seen significant progress in our business in Central Europe, but continue to see market challenges in Poland. I would like to thank all of our Tesco Poland colleagues for their dedication to serving customers in Poland over many years. We see this transaction as the best way to secure the future of the business for our colleagues and customers in Poland," Dave Lewis, Tesco CEO. On March 12, 2021; Polish Competition Authority approved Salling Group's $227m acquisition of Tesco Polska.

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