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Rewe: market exit to free investment for other markets

Rewe to sell Billa Russia to Lenta… Following on from its exit from the Ukraine, Rewe has announced it is to sell its Billa supermarket operations in Russia to Lenta for €215m in cash. Billa operated 161 supermarkets with a total selling area of 138,051 sq. m, the majority of which are in and around Moscow. The companies said they expected the transaction to close in summer 2021, but was subject to regulatory approvals from the Russian Federal Antimonopoly Service (FAS). …As it rebrands ...
Russian Federal Antimonopoly Service Rewe Group Austrian Billa Russia Billa Plus Penny Romania பைசா ரோமானியா
Source: igd.com

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