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 acquired by Eurocash. "After finalizing the transaction, we can start the smooth integration of our businesses. The acquisition of this network is a great value for us, which will result in the transfer of knowledge and experience to our franchisees," said board member and financial director of the Eurocash Group Jacek Owczarek. Integration of the Mila network into the Eurocash Group may take between 2 to 3 years, he added The Eurocash Group is the largest Polish company dealing in wholesale distribution of food products and marketing support for independent Polish entrepreneurs conducting retail operations. The franchise and partner networks supported by Eurocash associate over 14,000 independent stores operating under such brands as ABC, Groszek, Delikatesy Centrum, Lewiatan, Euro Sklep or Gama. The company has been listed on the Warsaw Stock Exchange since 2005.