Eurocash, the Polish cash-and-carry unit of Portuguese retailer Jeronimo Martins, has been given the green light to buy eight supermarkets and wholesale chains from local firm Emperia Holding.
The Polish competition watchdog UOKiK will allow Eurocash to go ahead with the acquisition, on the condition that it sells 12 warehouses.
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Portuguese retailer Jeronimo Martins has a major presence in Poland, which accounts for 60% of its total sales and owns over 130 warehouses all over the country.
Luis Amaral, president of the management board at Eurocash, released a statement that said the requirement to divest the 12 locations will not significantly affect the economic viability of the merger.
“I can assure the employees of the units indicated by UOKiK that we will do our best to offer them alternative employment in stores, which we will be opening as a result of the planned organic development of our group, or in other existing units,” Amaral said.
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