Emperia takeover stalled by UOKiK

The antitrust watchdog UOKiK launched the second stage of its proceedings into the potential takeover of WSE-listed retailer Emperia by Lithuanian Maxima Grupe. Such phase is reserved for more complicated cases. UOKiK wants to conduct, among others, market analysis. Back in November, Maxima Grupa launched a tender for 100 percent shares in the Polish company. The price was set at no less than PLN 100 apiece. Maxima Grupe owns several retail chains in the CEE region. In Poland, it operates under Aldik brand. Emperia manages Stokrotka retail chain.