Maxima extends Emperia tender yet again

Lithuanian retailer Maxima Grupe has extended its tender for 100 percent stake in WSE-listed retailer Emperia to April 12 from the previous March 16 end-date as the company failed to secure the antitrust watchdog UOKiK approval for the takeover in the previously assumed deadline. This is the second extension, as the initial deadline was set at February 21. In mid-January, UOKik has submitted the case for additional market research which is still ongoing. 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.