Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Retail

Ahold The 'Ideal' Partner For Esselunga: Caprotti

The founder of Italian supermarket chain Esselunga, Bernardo Caprotti, stated in his last will and testament that he saw Dutch retailer Ahold (now part of Ahold Delhaize) as the ideal international partner for the group.

As reported by Reuters, Caprotti, who died last week at the age of 90, said in the will, "Should the very grim context in Italy improve, it would be necessary to find an international partner. Ahold would be ideal. Not so Mercadona."

According to Reuters, Caprotti also warned against any proposed takeover by Italian rival Coop.

Before his death, Caprotti had been in discussion with private equity firms about a potential takeover of Esselunga, moves that are now believed to be on hold.

Reuters said that an Ahold spokesperson declined to comment on the story.

© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. To subscribe to ESM: The European Supermarket Magazine, click here.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days