Tesco faces a battle for Czech shop chain

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Tesco faces a battle for Czech shop chain KCS-content Wednesday 15 December 2010 7:57 pm whatsapp Sharecenter_img whatsapp Show Comments ▼ TESCO is lining up against Europe’s largest retailer Carrefour in the race to buy the Zabka retail chain.The pair are among four bidders pursing Zabka, which has 2,300 stores in the Czech Republic and Poland.“There are four bidders left, two strategic (investors) and two financial (investors),” a source close to the transaction said.“The two strategic investors are Tesco and Carrefour,” a market source added.Josef Janov, managing partner for Poland at Czech-based Penta Investments which owns Zabka, declined to comment but confirmed the final decision on the sale would be made in January.Tesco already has a strong presence in Poland and the Czech Republic. Poland is already its second largest European market in terms of sales and profits, and in the Czech Republic’s capital Prague Tesco opened its first standalone F&F clothing store this year.Offers of around €300m (£256m) are expected to be made for the business.Janov said last month: “The decision on the initial public offering (IPO) of Zabka or another form of our exit from the investment might be considered at the beginning of 2011.”French company Carrefour is a hypermarket chain which mainly operates in Europe but also has interests in South America. More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Tags: NULLlast_img read more