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Wednesday, 24.04.2024, 07:54
Numavicius' company invests further EUR 38 mln in Britain's McColl’s
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Numavicius' family office Talka LT said the 9.9-percent stake in McColl’s were purchased by UK company Klarus Capital Limited linked with Numavicius. Vaidotas Cucenas of the bureau told BNS that the shares had been purchased from the company's founder James Lancaster.
"On the changing retail trade market, the segment of small area and convenient stores seems extremely attractive. In the United Kingdom alone, the market is a few times bigger than the entire food retail market of all Baltic states together," Klarus Capital Limited CEO Aurelijus Burda said in a press release.
With a chain of 1,650 small stores, McColl’s is the second-largest player on the British market after Tesco.
In 2016, McColl 's Retail Group posted turnover of 950 million pounds (EUR 1.07 b), while EBITDA stood at 36.7 million pounds (EUR 41.3 mln).
Lithuania's media has reported Numavicius' assets at 1.3 billion euros at the end of 2015.
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