Maxima extends Emperia tender

Lithuanian retailer Maxima Grupe has extended its tender for 100 percent stake in WSE-listed retailer Emperia to March 16 from the previous February 21 end-date. The reason for the extension is the failure to secure the antitrust watchdog UOKiK approval for the takeover in the previously assumed deadline. The case has been submitted for additional market research. 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.