Portuguese retailer Jeronimo Martins has said it is prepared to buy the 49% stake in its main unit, JM Retalho, that is currently held by Ahold, in case the troubled Dutch retailer needs to sell up.
The chairman of Portugal’s Banco Privado Portugues, Joao Rendeiro, has already said that his company is interested in Ahold’s JM Retalho stake. If Ahold does decide to sell the stake, Jeronimo Martins has an option to buy it, reported the Portuguese News Digest.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Food Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now