Bernardo Caprotti, the chairman of Italian supermarket chain Esselunga, has denied reports that it is in talks with Tesco regarding a possible takeover.

Italian newspaper Il Sole 24 Ore reported that Esselunga had been put up for sale and had entered into negotiations with the UK retailer.

“We have no contacts with Tesco. Tesco and Esselunga are two incompatible companies,”’ Caprotti said in a statement.

He said that the report was a “free journalistic interpretation” of the group’s recent financial reorganisation. He did not comment on whether Esselunga is up for sale.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.