Ahold Delhaize acquires Tesco Czechia and Slovakia
The €1.2 billion deal adds over 360 stores and 14,000 employees, expands into Slovakia, and is expected to close in Q4 2027.
Latest Food Retail & Distribution News
Stay informed with the latest news and media coverage for the biggest companies in Food Retail & Distribution. We track all announcements, press releases, and industry mentions in real time, all in one place. Looking for another sector? Browse our industry database.
Last updated
Latest news in Food Retail & Distribution
Company announcements
Tesco agrees to sell its Czech and Slovak businesses
The sale to Ahold Delhaize has an enterprise value of €1.7bn, with expected net cash proceeds of €1.2bn, mostly returned via buyback.
Kesko Oyj's annual general meeting authorizes the board to issue shares to finance the Dahlin transaction
The authorization covers up to 12,000,000 new B-shares, representing approximately 3.0 percent of the shares, and is valid until June 30, 2027.
Sysco reports fiscal 2024 revenue of $78.8 billion and returns $2.2 billion to shareholders
The foodservice distributor achieved industry-leading margins, grew market share by 1.75x, and launched the Edward Don acquisition to expand specialty offerings.
Unlock all announcements with a free trial
Media coverage
Tesco sells Czech and Slovak units to Ahold Delhaize for £1.5bn
The UK retailer retreats from overseas markets further by disposing of its central European operations to the Dutch-Danish grocer.
Tesco agrees sale of Czech and Slovak units to Ahold Delhaize for £1.5bn
Tesco has agreed to sell its businesses in the Czech Republic and Slovakia to Ahold Delhaize in a deal worth £1.5bn, making it the UK's...
Hellofresh Stock: S&P downgrades rating to BB and sets outlook to negative
Quick overviewS&P downgrades Hellofresh from BB+ to BB.The rating outlook is negative and signals an increased risk of a...
Strong result from Kesko – technical trade rose as the driver | Talouselämä
The European Commission approved the Kesko deal in late September. The company estimated earlier this week that the expected completion date of the deal is Monday, November 2. Artificial intelligence has been used to help speed up...
Unlock all articles with a free trial
Track Every Market Move
Follow your target companies and get daily news updates delivered straight to your inbox
Start free trialFood Retail & Distribution companies
Browse the top companies in Food Retail & Distribution and stay on top of their latest developments.