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Companies / Slovakia

Tesco's Slovakia Takeover Odyssey Goes On

October 2006 | Company News Alert

In its first half-year in office, Slovakia's populist, left-leaning government, led by Prime Minister Robert Fico, has not quite chewed on the scenery as more pessimistic observers predicted. For instance, the government has not openly gone to war against the market share of foreign-owned mass grocery retailers (MGRs) as the Polish government has over the last 18 months or so. Still, Tesco, which agreed a swap with rival Carrefour for the French hypermarket groups four outlets in Slovakia and 11 in Czech Republic in exchange for Tesco outlets in Taiwan in late 2005, is still waiting for anti-trust clearance from

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