Tesco and Carrefour in bidding war for Czech chain

first_imgWednesday 15 December 2010 3:03 am Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Europe’s largest retailer Carrefour and its largest British peer Tesco are among four bidders for the Zabka retail chain, according to Reuters sources.Zabka owner, Czech-based Penta Investments, might sign the deal, valued at no less than 300m euros (£255m), in 2010, the sources said.“There are four bidders left, two strategic (investors) and two financial (investors),” a source close to the transaction said, commenting on the sale of Zabka, which operates more than 2,300 stores in Poland and the Czech Republic.“The two strategic investors are Tesco and Carrefour,” a market source added.However, Josef Janov, managing partner for Poland at Penta Investments, reiterated the final decision on the sale would be made in January. He declined to comment on the possible involvement of Carrefour and Tesco in the deal.The Polish subsidiaries of Tesco and Carrefour were not immediately available for comment. whatsapp Show Comments ▼ John Dunne Tags: NULL Share whatsapp Tesco and Carrefour in bidding war for Czech chain last_img read more

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