Sweden: Salling Group to acquire Rimi Baltic from ICA Gruppen
Denmark’s largest retailer Salling Group has acquired Rimi Baltic, a retail chain active in the Baltic States, from Swedish grocery retailer ICA Gruppen for €1.3 billion ($1.4 billion), excluding debt. The deal, reportedly the largest in Salling Group’s history, is described as being in line with the ambitions of the company’s Aspire ’28 business strategy, […]
Denmark: Salling Group acquires 35 stores from Coop Denmark
Salling Group, Denmark’s largest grocery chain, has announced the acquisition of 35 stores from Coop Denmark. In a press release, the company said the deal included 25 365discount stores, as well as three and five under the Kvickly and SuperBrugsen banners respectively. Anders Hagh, CEO of Salling Group, said: “We are proud of the purchase, […]
Poland: Tesco to sell Polish operations for £181 million
British retailer Tesco has announced the sale of its business in Poland to Danish retailer Salling Group, for PLN 900 million (£181 million). This sale follows Tesco’s strategy of withdrawal some of its global positions, similar to the sale of its business in Thailand and Malaysia in March, to focus on its strongest markets. According […]