Danish giant buyer 301 stores

the Danish Salling Group, which operates a number of grocery chains such as Føtex, Bilka and Netto, have purchased 301 stores and two distribution centers in Poland from the british Tesco Group.

the Deal to a value of 1.5 billion crowns intends to add stores to the Net-chain in Poland, which already has 386 stores in the country.

It informs the Salling Group in a press release Thursday.

– We consolidate Nettos presence in a growing market and provide thus on our corporate strategy is, says the Salling Group's director, Per Bank, in a press release.

- With the acquisition of Tesco Poland we're doubling our business in Poland, and we become a significant player in one of Europe's largest markets.

He shall designate an expansion on the Polish market as one of the two major strategic objectives. The second is an increased digital sales.

the Deal with several hundred stores in Poland must first be approved by the competition authorities, before the Salling Group can begin to make the stores on the Net-shops.

It is expected to happen before the end of the year.

- We look forward to building a unified team across the two companies, and we plan to use more than one and a half billion kroner to convert the current Tesco stores, says Per Bank.

Salling has stores in Germany, Poland and Denmark. In total accommodates the group 53.000 employees - of which good 5000 in Poland. With the acquisition of Tesco in Poland added 7000 new employees to the fold.

the Net-chain was together with the Supermarket chain, the driving forces behind the growth in the Salling Group group.

Salling Group is owned by the Salling Funds alone since 2017, when the group changed its name from Dansk Supermarked to the Salling Group.