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Grocers eye Poland's Zabka

This article was originally published in Foodnews

CARREFOUR and Tesco are among food bidders understood to be gearing up to bid for Polish convenience chain, Zabka. "There are four bidders left, two strategic [investors] and two financial [investors]," Reuters quoted a source close to the transaction as saying. "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, reiterated the final decision on the sale would be made in January. The chain currently operates more than 2 300 stores in Poland and the Czech Republic. Tesco already has a strong presence in Poland and Czech Republic.

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