Auchan may be interested in acquiring Tesco's Polish assets
French retail group Auchan might be interested in acquiring the Polish assets of Tesco, the UK-listed supermarket group, reported Puls Biznesu, citing Jaroslaw Kosinski, a partner at OC&C Strategy Consultants.
In Kosinski’s view, Tesco’s Polish assets may also attract the interest of private equity funds, the Polish daily reported on 9 January.
Last Thursday, Tesco announced its sales for third quarter and December, and Poland was one of its worst markets, the paper said.
Experts do not expect any sudden movements in Poland by Tesco but they also cautioned that the aforementioned sale could not be ruled out, the report noted.
The Polish market is very competitive and the consolidation process is not over yet, while Tesco is not doing well locally, Kosinski said.
Tesco has more than 450 shops in Poland that generate about PLN 11bn (USD 3.05bn) in revenues, the item reported.
Puls Biznesu