Serbia’s Delta Maxi buys Euromax supermarket chain in Albania, 19.06.2008.
Albania/Serbia industry: Serbian retailer Delta Maxi to acquire Albania's Euromax
FROM THE ECONOMIST INTELLIGENCE UNIT
Leading Serbian retailer Delta Maxi, owned by the country’s largest diversified holding concern, Delta Holding, appears poised to enter the Albanian market following the announcement by the country’s anti-monopoly office that the company has entered an agreement to acquire Albania’s leading local retailer, Euromax.
Euromax, owned by local entrepreneur Samir Mane, opened its first outlet in 2005 and currently operates a network of 17 stores in the capital, Tirana, as well as the port cities of Durres and Fier and in Elbasan, in the centre of the country. In 2006 the EBRD purchased a 10% stake in Euromax via an €8m loan and equity investments of around €1.5m.
To date, Delta Maxi has invested around €400m to expand its retail operations in Serbia and throughout the region. The company is currently active in Bulgaria, Montenegro, Bosnia & Hercegovina and Slovenia. In May, Delta Maxi announced plans to open around 33 new outlets in Serbia and across the region by end-2009.
In October last year Delta Maxi entered the Bulgarian market through the purchase of the Piccadilly retail chain. Delta Holding has said that it plans to invest €80m to open 20 new Piccadilly outlets across Bulgaria by end-2010.
Delta Holding, controlled by businessman Miroslav Miskovic, is Serbia’s third-largest company and largest privately held concern. The company is active in the retail, property, production, agribusiness, financial brokerage and insurance sectors.
EuroMax Gjithcka për ju
Albania/Serbia industry: Serbian retailer Delta Maxi to acquire Albania's Euromax
FROM THE ECONOMIST INTELLIGENCE UNIT
Leading Serbian retailer Delta Maxi, owned by the country’s largest diversified holding concern, Delta Holding, appears poised to enter the Albanian market following the announcement by the country’s anti-monopoly office that the company has entered an agreement to acquire Albania’s leading local retailer, Euromax.
Euromax, owned by local entrepreneur Samir Mane, opened its first outlet in 2005 and currently operates a network of 17 stores in the capital, Tirana, as well as the port cities of Durres and Fier and in Elbasan, in the centre of the country. In 2006 the EBRD purchased a 10% stake in Euromax via an €8m loan and equity investments of around €1.5m.
To date, Delta Maxi has invested around €400m to expand its retail operations in Serbia and throughout the region. The company is currently active in Bulgaria, Montenegro, Bosnia & Hercegovina and Slovenia. In May, Delta Maxi announced plans to open around 33 new outlets in Serbia and across the region by end-2009.
In October last year Delta Maxi entered the Bulgarian market through the purchase of the Piccadilly retail chain. Delta Holding has said that it plans to invest €80m to open 20 new Piccadilly outlets across Bulgaria by end-2010.
Delta Holding, controlled by businessman Miroslav Miskovic, is Serbia’s third-largest company and largest privately held concern. The company is active in the retail, property, production, agribusiness, financial brokerage and insurance sectors.
EuroMax Gjithcka për ju
