Announced
Completed
Financials
Tags
retail chain
Majority
grocery wholesale supermarket
Friendly
online supermarket
Poland
Private
Diversified Retailers
Acquisition
Single Bidder
Cross Border
Completed
Synopsis
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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