TFI sells stake in Piotr i Pawel to Spar

Spar will acquire the business through its Polish subsidiary, Wasz Sklep Spar, and TFI will retain a minority holding in the company after the deal, according to Polish press reports.

Spar has not issued any press release or official statement at this point as the transaction remains subject to the decision of the Polish Office of Competition and Consumer Protection, according to a company spokesperson.

Company
Piotr i Pawel was founded in 1990 and is headquartered in Poznań. It has a network of 27 stores in Poland that sell food and other household products.

People
Spar Group – Rob Philipson (CEO).
Piotr i Pawel – Marek Mietka (president).

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