Jerónimo Martins 4.38

Jerónimo Martins SGPS, SA is a Portuguese corporate group that operates in food distribution and consumer products manufacturing. It operates around 3,600 stores in Portugal, Poland, and Colombia. The group is the majority owner of Jerónimo Martins Retail, which operates the Pingo Doce super- and hypermarket chain in Portugal. JM has been run as a 51%-49% joint venture with the Dutch firm Ahold Delhaize since 1992; in November 2006 Ahold announced its intention to sell its interest but it continues to search for a buyer as of 2009.Jerónimo Martins is listed on Euronext Lisbon, under the code JMT, and is part of the PSI-20 index.OperationsIn Portugal, Jerónimo Martins operates the Pingo Doce chain of super- and hypermarkets as well as the Recheio chain of cash-and-carry stores. It also has industrial facilities focused on the production of several Unilever brands. This is carried out through the joint venture company Unilever Jerónimo Martins, which is 45% owned by JM and 55% owned by Unilever.