Eurocash has received approval to take control of the Arhelan chain of stores. The green light for the transaction was given by the president of the Office of Competition and Consumer Protection. The Arhelan chain consists of about 100 stores, mainly in eastern Poland.
The management board of Eurocash informed that last week it received the decision of the President of the Office of Competition and Consumer Protection, which gave “unconditional consent to the concentration consisting in Eurocash taking control over Arhelan”. The company’s motion to take control of Arhelan received by the Office of Competition and Consumer Protection in May this year.
At the same time, the management board of Eurocash announced that it received a notification from Arhelan on Thursday about the completion of the internal restructuring process. As explained, the restructuring concerned the transformation of the legal form of Arhelan into a limited liability company, the transfer of its real estate to a separate entity and the transfer of shares in Arhelan to a sole shareholder. This was one of the conditions of the transaction concerning the acquisition by Eurocash of 49 percent of Arhelan shares, and ultimately 50 percent of the shares.
“As a result of the fulfillment of the above condition precedent, all conditions precedent to the transaction were fulfilled” – stated in the release.
Eurocash takes control of Arhelan
Eurocash is the parent company of the Eurocash capital group, which focuses its activities on the wholesale of everyday consumer goods through a network of non-specialized wholesalers and wholesalers specializing in the distribution of alcoholic beverages, tobacco products and impulse products.
The Eurocash Group is also active in the retail sale of everyday consumer goods. The group includes networks such as Lewiatan, Groszek or abc.
Arhelan is a chain of stores that was founded in 1991 in Bielsk Podlaski. As we read on the company’s website, the network currently has 100 facilities employing over 1,500 employees. Arhelan stores are present in 65 towns, mainly in Podlaskie Voivodeship, but also in Warmińsko-Mazurskie, Mazowieckie and Lubelskie.
This is another takeover on the Polish market. In mid-March, the president of the Office of Competition and Consumer Protection approved the takeover of Tesco Polska by the Salling Group, which owns Netto stores.
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