Ahold Delhaize to acquire Tesco businesses in Czechia and Slovakia

Ahold Delhaize has agreed to acquire 100% of Tesco’s Czech and Slovak businesses in a €1.2 billion deal, subject to regulatory approval.

The acquisition will strengthen Ahold Delhaize’s position in Central and Southeastern Europe and expand its presence into Slovakia. Tesco’s operations comprise more than 360 supermarkets, hypermarkets and convenience stores, alongside over 100 franchise stores, generating approximately €3.5 billion in annual sales and employing more than 14,000 people.

Following completion and integration, Ahold Delhaize’s Albert brand and Tesco Czechia are expected to become the leading grocery retail brand in Czechia by market share. The acquisition will also establish Ahold Delhaize as a significant grocery retailer in Slovakia.

The group plans to invest in store modernisation, digitalisation, customer propositions and sustainability, while leveraging synergies between the businesses to support long-term growth.

The transaction has an enterprise value of approximately €1.2 billion, rising to €1.7 billion on a lease-adjusted basis. It is expected to be EPS neutral in the first year following completion.

The deal is expected to close in Q4 2027, subject to customary closing conditions and regulatory clearances.

Frans Muller, CEO of Ahold Delhaize, said the acquisition represents an important step in strengthening the group’s regional position, bringing together complementary businesses and creating opportunities for sustainable growth.