Black Sea Business Network

Black Sea Business Network

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  • Jackie Bojor
    Jackie Bojor    Group moderator
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    Decision to sell the Plus Eastern Europe GmbH subsidiaries in Bulgaria and Romania
    The Tengelmann Group has made a decision with respect to its Plus Eastern Europe GmbH subsidiaries in Bulgaria and Romania. “After intense evaluation of all options, we have decided to sell the subsidiaries to the international Lidl group”, explains Karl-Erivan W. Haub, managing and personally liable partner of the Tengelmann Group.

    In Romania Plus has been operating 96 stores with over 2,000 employees since October 2005.
    Both Plus subsidiaries are the market leaders in their respective countries. Lidl operates neither in Bulgaria nor Romania. All employees of the Plus subsidiaries will be taken over.

    The sale of both national companies is still subject to antitrust approval.

    Source: Magazinul Progresiv

    For tailor-made market data regarding the retail sector in Romania and other countries in the region, please don't hesitate to contact our team at europa[at]frdcenter.ro

    Jackie Bojor
    FRD Center Market Entry Services Romania - http://www.frdcenter.ro
    • 23 Feb 2010, 3:13 pm