Locked content Eurocash to take over Mila supermarket chain

The Eurocash Group has acquired a 100 percent stake in Domelius Limited, the controlling company of Mila, the owner of a network of 187 supermarkets. The value of the takeover of the Mila network amounted to PLN 350 million without taking into account selected company properties that were not acquir...

Locked content UOKiK gives Eurocash green light to buy Mila

Polish wholesaler Eurocash has secured from UOKiK unconditional approval for the acquisition of 100 percent in Domelius Limited. As a result, Eurocash will receive control in its subsidiaries Mila Holding, Mila, Investpol 700 Mila and Koja-Mila. In September 2017, Eurocash signed a preliminary agree...

Locked content Eurocash faces long wait for UOKiK approval of Mila takeover

WSE-listed FMCG distributor Eurocash might wait at least six months to secure antitrust watchdog UOKiK approval to takeover Mila retail chain, according to the organization head Marek Niechciał. “Mila has 180 shops, we have to check whether it does not significantly infringe competition on all local...

Locked content Eurocash with a PLN 350 mln deal to buy Mila chain

WSE-listed FMCG distributor Eurocash signed a PLN 350 million contract for the takeover of supermarket chain Mila. “The acquisition of Mila, just as the acquisition of the EKO supermarket chain in January 2017, is part of the strategy of building a nationwide supermarket chain based on cooperation w...

Locked content Eurocash extends Mila takeover deadline

WSE-listed FMCG distributor Eurocash extended the deadline to finalize the takeover of supermarket chain Mila by one week to September 15, Eurocash said in a market filing, without giving a reason for the extension. Back in April, Eurocash signed a letter of intent to buy 100 percent stake in Mila f...

Locked content Eurocash to buy Mila supermarket chain

WSE-listed FMCG distributor Eurocash signed a letter of intent to buy 100 percent stake in the supermarket chain Mila, the company said in a market filing. Sellers are Argus Retail Holding, Elbrus investment fund, Robert Kasner, Robert Zaleski, and Stanislaw Sosnowski. Eurocash was granted the exclu...

Locked content Mila supermarket chain mulls IPO

Supermarket chain Mila is considering IPO, company’s CEO Artur Góralczyk said in an interview with ISBnews. “We’re using the sector’s potential and want to focus on organic growth and increasing effectiveness. One of possible opportunities for growth is IPO,” he explained. “The sec...