Eurocash to acquire 26 Lewiatan stores

WSE-listed retailer Eurocash filed a motion to antitrust watchdog UOKiK to takeover Partner, owner of 26 Lewiatan stores. “The challenge of family business succession concerns many entrepreneurs, owners of small and medium-sized stores in Poland. We show that as the Eurocash Group, we are ready not only to support the further development of stores run by our franchisees in terms of operations and capital, as exemplified by our previous acquisitions. shares in companies operating Delikatesy Centrum stores, but also give our partners the opportunity to exit the investment and implement other business plans by them,”  said Eurocash board member Jacek Owczarek. After the purchase is approved, Eurocash plans to further develop the Partner network stores under the Lewiatan brand, strengthening their market position so that they can compete more effectively with discount stores and large networks. Thanks to being a part of a large group, these stores will also be the beneficiaries of the obtained purchase and cost synergies, Eurocash added in a market filing. Lewiatan has over 3,100 stores in Poland