Polish Retailers Drop as Court Ruling Reignites Retail Tax Fears

(Bloomberg) -- Shares in Poland’s biggest retailers slid as the government in Warsaw won a challenge against the European Commission over a retail levy tax that was halted as illegal state aid.

Key Insights

Market Reaction

• Shares in Dino, a fast-growing food supermarket chain, drop 3.5%, the most in two weeks, while Eurocash SA retreated 1.3%.
• Jeronimo Martins, which owns the country’s biggest retail chain Biedronka, fell 3.1% in Lisbon, posting the steepest decline since Dec. 2018.

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