UOKiK gives Polskie Supermarkety a green light

The anti-monopoly watchdog UOKiK has approved establishing a capital company Polskie Supermarkety by Polish retailer Emperia subsidiary Stokrotka and Polomarket. Both firms reached an agreement in early May. A joint sales department responsible for shopping policy coordination and development of a common brand as well as organization of direct import of goods will be created within Polskie Supermarkety. Each of the firms will have a 50 percent stake in the new entity. Currently, the chains of both Stokrotka and Polomarket include 535 stores with an annual turnover of around PLN 4 billion.