Preliminary agreement to acquire Mila S.A
Today Eurocash signed a preliminary agreement to acquire 100% of Mila S.A., owner of a network of 188 supermarkets located mainly in central Poland.
Mila will thus gain a strong strategic partner in the field of retail store development.
The acquisition of Mila is part of the strategy of building a nationwide supermarket chain based both on cooperation with franchise partners and running own stores in order to support chain development in new regions of the country.
The strategic goal of the Eurocash Group is to consistently improve the competitiveness of Polish independent retail stores, which are the Group's main customers.
The acquisition of Mila's network is conditional upon, inter alia, a positive decision of antitrust body UOKiK. The transaction value was set at PLN 350 million.