Lidl Owner Bids for Tesco Central Europe
Schwarz Group and other retailers are bidding for Tesco operations in Central Europe. The supermarket chain seeks to sell these assets to focus on its core UK market with advisers Goldman Sachs and Citi.
Xurve View
Insights:
Xurve View
TESCO PLC attracted takeover interest from Schwarz Group and KONINKLIJKE AHOLD DELHAIZE N for its 561 Central European stores on Wednesday afternoon. The potential divestment follows a string of overseas sales as the retailer pivots to its home market in the United Kingdom. Tesco leads British grocery market share, but overseas operations in Hungary, the Czech Republic, and Slovakia] remain counter to its primary strategy.
