Poland’s Piotr i Paweł Seeking To Sell Majority Stake In Business
Polish retailer Piotr i Paweł is on the hunt for a strategic investor that could either take a majority stake in the business or take over the business altogether, ESM has learned.
The group, which operates 148 supermarkets across Poland, will be working with Spanish bank Santander as an advisor during the M&A process.
A formal memorandum of intent regarding the sale is expected to be published in the next couple of weeks, however the source told us that the company has already held “a number of meetings with potential investors”, including private equity groups, an individual close to the company told ESM.
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