Buyout shop Mid Europa Partners is reportedly mulling a purchase of Polish retailer Emperia‘s store chains, according to Reuters. Emperia is valued at about $500 million, and last month launched a tender for its retail arm, which includes store chains Stokrotka, Groszek and Lewiatan, Reuters wrote. Mid Europa recently bought another Polish retailer, Zabka, from Penta Investments.
(Reuters) – Private equity firm Mid Europa Partners is interested in Polish retailer Emperia’s store chains, a source close to the matter told Reuters on Tuesday.
Last month, Emperia, valued at $500 million, launched a tender for its retail arm, which includes store chains Stokrotka, Groszek and Lewiatan, aiming to raise at least 900 million zlotys ($318 million).
“Mid Europa is interested in buying these chains from Emperia,” the source said. “The shops would be a good addition to Zabka.”
Earlier this year, Mid Europa bought Zabka, one of Poland’s largest retail chains, from regional rival Penta Investments for about 400 million euros ($568 million).
Mid Europa would not comment.
Besides selling its retail business, Emperia also agreed to sell its distribution arm to local rival Eurocash , a deal still pending regulatory approval.
(Reporting by Adrian Krajewski and Maciej Onoszko; Editing by Dan Lalor)