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International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 15:41

Rimi shareholder confirms talks on purchase of Iki chain

BC, Vilnius, 25.11.2016.Print version
wedish company ICA Gruppen, which operates the Rimi retail chain in Lithuania, has officially confirmed it was holding talks on the acquisition of Iki retail chain, reports LETA/BNS.

The negotiations with owners of Palink, the operator of the Iki retail chain, were reported by ICA Gruppen earlier on Friday.


ICA Gruppen emphasized that agreement on Iki chain had not yet been reached, adding that successful outcome of the talks cannot yet been predicted.


Some 44.35% of Palink's shares are owned by Germany's retail giant Rewe, 20% belong to Baltisches Haus and Swiss-registered Coop each, 10.5% are owned by Belgium's Eln. Fr. Colruyt and 5% by France's Unilec.






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