Eurocash has asked the Office of Competition and Consumer Protection (UOKiK) for approval to acquire shares in Partner, a company that operates 26 grocery stores under Lewiatan banner. The seller is Asteria Holding, a vehicle part-owned by Wojciech Kruszewski, the long-standing CEO of Lewiatan Holding.
As Mr Kruszewski explained, after many years of running and growing the business with much success he had decided to hand it over to his children, however they were not interested. He says he had received many offers from potential buyers, but there was no doubt in his mind that Eurocash – the biggest supplier to the Lewiatan chain, including Partner’s stores, and the majority shareholder of Lewiatan Holding – was the best choice.
This transaction shows how Grupa Eurocash is not only prepared to support its franchise partners financially and operationally – as illustrated by its purchases of stakes in Delikatesy Centrum operators – but also offers them a convenient way to cash out when they want to pursue other business endavours, said Jacek Owczarek, Board Member at Eurocash.
Eurocash plans to continue to develop Partner’s store network under the Lewiatan banner after completing the transaction, the group said in a press statement.
One of Eurocash’s several franchises and partner networks, Lewiatan includes more than 3,100 stores. Taken together, the chains – which also include Delikatesy Centrum, Gama, Euro Sklep, Groszek, or Abc – comprise 14,000 stores across the country.