Spar Group South Africa to acquire Polish supermarket chain Piotr i Pawel

South African SPAR Group has signed a letter of intent to acquire a majority stake in Polish supermarket chain Piotr i Pawel. Piotr i Pawel was founded in 1990, has 75 supermarkets in Poland and a turnover of $554m. It is South African SPAR Group's first investment in Eastern Europe. [...]
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