Gamble on Casino on cards

TESCO is mulling an 800 million (£554m) bid for the Polish retailing business of its French rival Casino, according to weekend reports.

France's No 2 supermarket group is looking to sell 2 billion of international assets by the end of next year to cut debt and is known to be seeking to sell its Polish operations.

France's biggest supermarket group, Carrefour, and Tesco are both looking at parts of Casino's business and are most interested in the Polish market.

Tesco is already the market leader in Poland with a 4 per cent market share and Carrefour has a smaller position.

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