PMR Online access    |   tel. +48 12 340 51 00    |   E-mail: info@pmrcorporate.com
 


 

Advent acquires Polish supermarket group


2012-10-30



Advent International, the global buyout firm, on 30 October announced the success of its takeover bid for Eko Holding, a Polish supermarket group based in Wroclaw. Advent purchased nearly 98% of shares in Eko Holding, well above the 60% minimum acceptance level, thanks to an improved offer unveiled on 29 October that Mid Europa Partners, the other suitor for Eko, decided not to counter.

Tamas Nagy, Partner at Advent International, said that Advent planned to focus on restructuring and further development of Eko’s supermarket stores, both organically and through acquisitions. The new owner intends to repurchase the 2% remaining shares in Eko and delist the company from the Warsaw Stock Exchange.

Eko Holding operates 305 Eko stores, approximately 800 Rabat franchise stores and 165 Jasmin franchise drugstores. It also owns Polska Grupa Drogeryjna, a wholesaler of household chemicals and cosmetics.



Browse and search in our archive »


subscribe to PMR RSS NEWS channelsSubscribe to PMR RSS NEWS channels »




Free monthly e-letter containing latest news, analyses and business information on economic situation in Poland, Russia, Bulgaria, Czech Republic, Hungary, Romania, Slovakia, Ukraine, Kazakhstan.
Relevant news
 

Useful links         Privacy Policy
Copyright © 2018 PMR. All rights reserved.

PMR is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). With over fourteen years of experience, high international standards in projects and publications, highly skilled multilingual staff and a wide network of co-operating research companies and market experts, PMR is one of the largest companies of its type in the region.