A Punchy €50 Billion Sales Goal Gets J. Martins Mulling Over M&A

(Bloomberg) – Jeronimo Martins, who made his last major acquisition almost twenty years ago, may have to move into a more aggressive strategy to increase sales by 50% in five years.

By 2029 or 2030, a target target of € 50 billion launched internal debates in March because it was first announced by President Pedro Soares Dos Santos. Soares, Dos Santos, who controls his family, said that the company said that he was working on a plan to achieve this goal, and he did not clearly explain what he could resemble.

“The President said that he had determined this goal as an ambition for the group,” he said, in an interview in Lisbon on August 1, after reporting earnings. “If 50 billion € merger and merger and merger and one?

A potential goal for analysts will be competitors operating in Poland, the most important market of the company. This includes a strategic examination of its portfolio to increase its valuation, while the Carrefour SA of France also includes assets. Carrefour was one of the best unification and acquisition targets in a new Bloomberg News Research on Risk-Arbitraj tables, traders and analysts.

However, Virginia said anti -monopoly rules mean that Jeronimo Martins will not be allowed to have the entire Carrefour chain in Poland, where the company controls almost 30% of the market. He refused to comment on whether Jeronimo Martins was interested in buying any of Carrefour’s assets on a smaller scale.

Uz We’re watching the situation, Virgin Virginia said, Carrefour’s operations in Poland referred to the possible sale. “In the Polish market, we think that there are still white areas where we prefer to occupy ourselves instead of leaving it to our competitors.”

Portuguese retailer traditionally gave priority to expanding its business in Poland, owned by the country’s largest supermarket chain Biedronka, or from small assets or small assets recruitment. This year has expanded to a new market – Slovakia – Jeronimo Martins is known for a conservative approach when it comes to thinking about attracting other businesses.

“We are very careful, Virgin Virginia said from the company’s head office in Lisbon. “So far, we have just acquired things that make sense to our business. We do not buy to sell, and of course this means that we do merger and taking over every 10 years.”

Jeronimo Martins’ latest major acquisition, Tengelmann Group and Portugal and Poland discount supermarkets for about 320 million € for agreed to buy in 2008 was completed in 2008. Jeronimo Martins constantly looking at the opportunities in the new markets, he said that existing purchases involves closing the operations of retailers’ small store portfolios or closing operations in the markets where the company has already existed.

The last agreement of the Portuguese retailer included 75 supermarkets in Colombia from Colubsidio. Now it plans to spend about € 1 billion to increase its operations in the existing markets – Portugal, Poland, Colombia and Slovakia. The first half sales of this year increased by 6.7% to € 17.4 billion, and helped to heal stocks by 11% in 2025.

Virginia, M&A director at Jeronimo Martins until 2008, said that he was subjected to “always” from investment bankers.

“We are good friends,” he said with the investment bankers. “I always say that we are the worst customers.”

There are more stories like this Bloomberg.com