Maxima Grupe announces squeeze-out of Emperia shares

Lithuanian retail chain Maxima Grupe announced mandatory squeeze-out of 354,531 shares in Emperia Holding representing  2.87 percent of its share capital, at PLN 100.0 per share. The squeeze-out, brokered by Dom Maklerski mBank, commences on May 11 . Purchase date is set on May 17. In November 2017 Maxima Grupe announced a tender offer for 100 percent of shares in Emperia. After that announcement the company holds 97.13 percent together with its unit Elpro Development. Maxima belongs to a capital group that operates in various industries (retail, real estate, food production, etc.), mainly on the Lithuanian, Latvian and Estonian markets, and also operates in Bulgaria, Poland, Spain and several other countries, mainly within the EU. The Group operates two supermarket chains in Poland (Aldik and Sano).