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Kaufland to acquire 5 Tesco stores in Poland

Germany's Kaufland Warenhandel GmbH & Co. KG on Sept. 11 entered an agreement to acquire five Tesco PLC hypermarkets in Poland in Warsaw, Krakow, Gdansk, Wroclaw and Lublin.

Kaufland is a unit of Dieter Schwarz Stiftung gemeinnützige GmbH.

Financial terms were not disclosed. The transaction has been flagged to Poland's competition regulator.