August 20, 2017 5:24 PM ET

Food and Staples Retailing

Company Overview of Esselunga S.p.A.

Company Overview

Esselunga S.p.A. operates a chain of supermarkets and superstores in Italy. The company retails meat and vegetables, as well as organic products. It also produces ice creams, bakery and pastry products, ready-to-eat meals, sauces, and juices. The company was formerly known as Manifattura Caprotti S.p.A. The company was founded in 1957 and is based in Pioltello, Italy. The company has stores in Lombardy, Piemont, Tuscany, Veneto, Emilia, and Liguria regions in Italy. Esselunga S.p.A. operates as a subsidiary of Supermarkets Italiani Spa.

Via Giambologna 1

Pioltello, MI 20096

Italy

Founded in 1957

Phone:

39 029 923671

Fax:

39 029 267202

Key Executives for Esselunga S.p.A.

Owner and President
Compensation as of Fiscal Year 2017.

Esselunga S.p.A. Key Developments

Esselunga Denies Merger Talks

Esselunga S.p.A. is not up for sale, its majority shareholders said in a letter to managers after China's Yida International Investment Group offered to buy the company. Esselunga is 70% owned by Giuliana and Marina. "We wish to clarify that the company is not for sale," Giuliana and Marina said in the letter published on an Italian website, whose content was confirmed to Reuters by two sources close to the company.

Yida Interested In Esselunga Says Advisor

Yida China Holdings Limited (SEHK:3639) has reportedly presented an expression of interest to acquire Esselunga S.p.A. , a lawyer representing the Chinese company said on June 16, 2017. A source close to the situation told Reuters the owners had no intention to sell. "A letter of intent has been put forward so that negotiations can start immediately based on concrete elements. We are waiting for an answer," Paolo Pettinelli, a lawyer at the Pettinelli law firm said.

Investors Reportedly Seeks To Acquire Esselunga

Carrefour SA (ENXTPA:CA) and Wal-Mart Stores, Inc. had renewed their interest for Esselunga S.p.A. after having failed in 2004 to convince the retail chain owner Bernardo Caprotti to sell his company, Italian daily La Repubblica had last week reported.

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
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