Kerdos takes over Meng Drogerie+

Kerdos Group has signed a final agreement to acquire a 50.26 percent stake in Luxembourgish drugstore chain Meng Drogerie+, propertynews.pl reported. As a consequence of the deal, the group owns all the chain's shares. Kerdos will purchase a 37.49 percent stake  from BB royal Holding and a 12.77 stake from Dawid Sukacz for over PLN 6.5 million in total. "Considering all the transactions to date and those planned, we are taking over Meng Drogerie+ for €13.2 million. We are very pleased with the price obtained and we are set to finalize the transaction as soon as possible," said Kamil Klinewski, CEO of the company, in June. "In the future, we may expand to France, Germany or Belgium," he added reveling expansion plans. Kerdos is a holding company focused on trade operations in the hygiene and household cleaning product segments. It recorded PLN 220 million of revenue in 2014. Meng Drogerie+ chain features 24 drugstores.