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Saturday, October 23, 2021

Tesco Polska in the hands of Netto. UOKiK referred the proceedings to the second stage

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The President of the Office of Competition and Consumer Protection (UOKiK) initiated the second stage of the procedure concerning the takeover of Tesco Polska stores by the Salling Group, which includes the Netto Polska chain.

Information on this matter was provided by UOKiK in a post on Twitter. “In this case, it is necessary to conduct a market research” – he added.

Commencement of the second stage of the procedure does not prejudge the type of decision to be issued in the future. The President of the Office of Competition and Consumer Protection may consent (unconditional or conditional) to the concentration or prohibit it.

Takeover of Tesco Polska stores

British concern in mid-June this year. informed about the sale of his business in our country to the Salling Group.

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The transaction includes 301 stores, distribution centers and a headquarters. Its completion is expected in the fourth quarter of 2020. As announced in the announcement, “under the contract, approximately 7,000 Tesco employees will be transferred to the Salling Group.”

Salling Group plans to transform the acquired Tesco stores into Netto 3.0 no later than 18 months from the completion of the transaction. Netto Polska, which currently runs 386 stores in our country, will be at the forefront of domestic retailers after the completion of the acquisition process.

At the beginning of September Tesco has begun formal layoffswhich will include a maximum of 899 posts. This is the result of closing six stores and E-shopping services, which are not included in the transaction with Salling Group.


Main photo source: Shutterstock


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