Emperia in talks with Lithuanian Maxima as potential investor

WSE-listed retailer Emperia has started talks with Lithuanian peer Maxima as a potential investor, Emperia said in a market filing confirming earlier reports by daily Parkiet. The talks should be concluded this year, according to Emperia. “The Company's Management Board emphasizes that no definitive decisions as to the investor's choice in the process of acquiring a strategic investor to support the development of the company have been taken and that the negotiations described above do not mean that the negotiations will conclude with the final terms of cooperation. Negotiations should take place in the fourth quarter of 2017,” the statement said. Back in May, the management of Emperia announced it has started looking for an investor to support the company in development. Lithuanian Maxima Group owns several retail chains in the CEE region. In Poland, it operates under Aldik brand.