PropertyEU

Rewe set to acquire Italian peer Esselunga

By A staff reporter 2007-09-21T00:00:00

German food retailer Rewe is set to acquire Italian peer Esselunga, newspaper Handelsblatt reported, citing company sources. Esselunga owns 129 stores across Italy and has about 17,000 employees. The acquisition would boost Rewe's revenues by about EUR 5 bn to EUR 36 bn. Rewe plans to buy Esselunga, which has ...

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