Portuguese retail giant Jerónimo Martins has sold 35 of its Polish Biedronka discount stores to local player Presspo so it complies with Polish Competition Commission requirements for its acquisition of the Tengelmann-owned Plus discounter chain in Poland.
The Commission said Jerónimo Martins must sell 38 Biedronka stores before it would give permission to acquire Plus’ operations. Jerónimo Martins had already disposed of 26 Biedronka stores over the first nine months of 2009.
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