Private equity firm Advent International announced a call for all shares in Polish supermarket operator Eko Holding on Monday. It is offering over zł.199 million at zł.4.1 per share, which is 13 percent below Monday's stock price, Parkiet reported.

Advent hopes to purchase at least 80 percent of Eko, which it would then de-list.

The success of the bid depends mostly on Eko Holding's largest shareholder and president of the board – Krzysztof Gradecki.

Together with his wife, Mr Gradecki controls just over 55 percent of Eko Holding. He hasn't revealed yet if he plans to answer the call for shares.

Also reportedly interested in purchasing Eko Holding are two other funds: Penta Investments and Mid Europa Partners.

With some 300 supermarkets, Eko Holding is one of the largest players in the market. Its stock market capitalization is zł.230 million.

Poland A.M.