Albania’s competition authority has allowed CM Balkans BV, a Netherlands-based subsidiary of Greek Marinopoulos, to acquire Albanian food store chain Euromax from Albanian Balkan Finance Investment Group (Balfin), the antitrust watchdog said in a statement on its website. Euromax operates 23 stores in Albania, 17 of which located in the capital city of Tirana.
Marinopoulos expects a combined annual turnover of its entities in Albania of around EUR 40mn for 2013. The Greek company is the exclusive franchisee of Carrefour in Albania. Carrefour entered the Albanian market in November 2011, when it opened its first store in Tirana.
Balfin purchased Euromax from Belgian food retailer Delhaize Group in January.
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