Jeronimo Martins Eyes M&A for €50 Billion Sales Target

Jeronimo Martins, a big European retailer, wants to significantly increase its sales in the next few years.

To do this, they're thinking about buying other companies, especially in Poland, where they already have a large supermarket chain.

They're looking at companies like Carrefour, but can't buy the whole thing because of rules.

Instead, they are looking to expand their existing businesses.

The company is known to be careful when it comes to acquiring businesses.

They also recently bought some stores in Colombia and plan to spend more money to improve stores in countries where they already operate.