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Friday, 29.03.2024, 13:45
France's Carrefour buying Spain's Supersol from Lithuania's Vilniaus Prekyba
The deal, signed by Carson, the group's alternative investment company, and Carrefour's Spanish subsidiary, is expected to be finalized in early 2021 after obtaining the necessary regulatory approvals, VP said in a statement.
Supersol has seen an increase in customer numbers following the chain's successful transformation in recent years, Jurgis Gabrielius Rudgalvis, a member of Carson's management board, said, commenting on the sale.
Supersol owned a chain of 173 stores in the regions of Andalusia and Madrid in late 2019. It held a 1 percent market share in Spain, with revenue at 477 mln euros, according to the statement.
As part of its exit from the Spanish market, Carson is also selling Supersol stores as real properties and Cashdiplo, the owner of 27 wholesale stores in mainland Spain and the Canary Islands.
The VP Group purchased the Supersol chain from Spain's Dinosol in 2012 and bought Cashdiplo in the same year.
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