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Wednesday, 08.05.2024, 20:27
UP Invest exiting food retail business
BC, Tallinn, 18.02.2019.
Print version
Print versionUP Invest, holding of Estonian businessman Margus Linnamae, has decided to exit the business of food related retail and will discontinue the operation of the units supporting it, reported LETA/BNS.
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UP Invest has begun divesting the Biomarket chain of organic
stores and will in that connection discontinue also the business
of e-retailer FreshGO. The client relationships currently outstanding will
be fulfilled by FreshGO to the end.
Negotiations on the sale of the holding in Biomarket have
started with potential buyers and they are expected to be completed within the
first half of 2019.
UP Invest Board Member Marko Virkebau said UP Invest wishes
to focus on its core business in the fields of healthcare, media and
entertainment.
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