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Identity Of Successful Piotr i Paweł Bidder 'To Be Revealed In July'

Published on Jun 7 2018 1:29 PM in Retail tagged: Featured Post / Poland / Jerónimo Martins / Piotr i Paweł / Paywall

Identity Of Successful Piotr i Paweł Bidder 'To Be Revealed In July'

The identity of the successful bidder for the Polish retail group Piotr i Paweł is likely to be revealed in July, probably some time towards the end of the month, the vice president of the retailer's management board, Robert Krzak, has told ESM.

Earlier this week, Glos Wielkopolski, a Polish newspaper, reported that Portuguese operator Jerónimo Martins has made the highest bid for the retailer, and that the management of Piotr i Paweł was expected to announce this later this week.

Speaking to ESM, Krzak said, "We have a few binding offers, we are working on them. I won't be in a position to give an announcement this week, definitely not. But in a few weeks, certainly before the end of July, I will be in a position to say so."

As to whether Jerónimo Martins, which operates the Biedronka chain in Poland, is indeed in the running, Krzak said, "There are rumours in Poland in all the newspapers that we have already been bought by Biedronka, but this is not the case. We are in talks with them, but nothing is confirmed.

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