Spar South Africa's European ambitions may see it strengthening its distribution arm, with its rumoured interest in a controlling stake in Polish retailer Bac-Pol. This week, a fast-moving consumer goods website, Wiadomosci Handlowe in Poland, reported that Spar South Africa might be sniffing around the market to acquire some of the Bac-Pol group's assets.While the international Spar brand already has a presence in Poland through the Bac-Pol group, which has the master licence for the country, Poland may be a first for Spar South Africa. Alec Abraham, a senior equity analyst at Sasfin Securities, said: "In South Africa, further growth for the Spar business is limited and it would look to extend growth by going into new territories, and it is an extension of that." But Abraham added: "I must admit that I'm a little bit nervous about [the acquisition] because of Ireland and Switzerland."In 2014, Spar South Africa acquired an 80% stake in Ireland-based BWG Group for R8...

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