Tengelmann is close to selling its remaining Plus discount operations in Austria, Romania and Bulgaria.

The stores in Austria are likely to be sold to Spar (Austria), while the network in Romania is likely to be picked up by Delhaize Group, and the young operation in Bulgaria by Schwarz Group’s Lidl.

Closure of these deals would mean that Tengelmann has sold its discount operations in all nine operating countries, only retaining a 15% stake in the merged Netto/Plus operation of Germany.