Pantaloon's tie-up with international player in final stage

Nov 19, 2009

Pantaloon Retail is looking at acquiring a food led fast moving consumer goods (FMCG) business. It is in the final stages for Big Bazaar tie-up with international player, reports Moneycontrol.

According to the report, the company is going in for a holding company kind of structure where in all the businesses apart from retail business is unlocked and transferred to a holding company. Hence, pure retail will remain under Pantaloon Retail and the shareholders of the company will receive shares in the swap ratio which will be decided.

A postal ballot is already on and the decision will be announced on December 16, the report added.

Apart from that, the company is close to an international tie up with an European retail major. This will help the company get into a Hyper Mart as well as cash and carry business. Pantaloon is looking at acquiring a food led FMCG business, the report said.