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The popular chain officially ceased its operations in Poland What about stores?

The popular chain officially ceased its operations in Poland What about stores?
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Tesco s Sale Of Polish Business Secures Regulatory Approval

15th March 2021 The sale of Tesco’s business in Poland to Denmark’s Salling Group, which was agreed on last June, has secured approval from the local competition authority. Citing ongoing “market challenges”, Tesco said at the time that the deal worth £181m would allow it to focus on its other operations in central Europe (the Czech Republic, Hungary and Slovakia), which had better growth prospects and contributed more to the business. The sale to the Salling Group includes 300 stores together with distribution centres and a head office. The deal does not require shareholder approval with Tesco now expecting completion before the end of this month.

Investegate |Tesco PLC Announcements | Tesco PLC: Tesco Polska

Philip Gawith (Teneo)   Forward looking statements This document contains statements which are, or may be deemed to be, forward looking statements which are prospective in nature. All statements other than statements of historical fact are forward ‐ looking statements. They are based on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward ‐ looking statements. Often, but not always, forward looking statements can be identified by the use of forward looking words such as plans , expects , is expected , is subject to , budget , scheduled , estimates , forecasts , intends , anticipates , believes , targets , aims , projects or words or terms of similar substance or the negative thereof, are forward

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