Penta Investments has refused to be drawn on speculation that private-equity firm BC Partners is in advanced talks to acquire Polish grocery chain Zabka Polska.

A spokesman for Penta Investments told just-food that the company is still considering its options, which could include selling the Polish retailer, launching an IPO of the business or maintaining full control of the company.

"No final decision has been made yet, so I have no comment on the speculation," said Danko.

The convenience and supermarket chain operates some 2,300 outlets in Poland and plans to expand this by a further 650 in the next three-to-five years.

Speculation in December suggested that Carrefour and Tesco were among four bidders for the retailer.

Penta sold its Zabka and Koruna outlets in the Czech Republic to Tesco in December. The CZK1.2bn (US$62.1m) deal included 81 Zabka convenience stores and 47 Koruna supermarkets.