Stokrotka and Polomarket merger
12:07
Polish retailer Stokrotka, a subsidiary of Emperia, and Polomarket reached an agreement to establish a capital company, named Polskie Supermarkety, Emperia informed in a press release.
A joint sales department responsible for shopping policies coordination and development of a common brand as well as organization of direct import of goods will be created within Polskie Supermarkety, the press release also read. Each of the firms will have a 50 percent stake in the new entity.
The merger needs to be approved by the anti-monopoly watchdog UOKiK before it will be implemented.
Currently, the chains of both Stokrotka and Polomarket include 535 stores with an annual turnover of around PLN 4 billion.
