Albania’s antitrust body clears Marinopoulos’ acquisition of Euromax.

By bne IntelliNews April 1, 2013

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.

Related Articles

Albanian stock exchange expected to launch in autumn 2017

Albania’s first private stock exchange is expected to be operational soon, most probably this autumn, after it was licensed by the financial supervisory authority, AMF, earlier in July. The ... more

Albanian opposition Democrats re-elect party leader despite disastrous election defeat

Albania’s opposition Democratic Party (DP) re-elected Lulzim Basha as party leader for another four-year mandate on July 22, despite the catastrophic general election defeat in June. Basha, 43, ... more

Albanian PM says new government to get rid of “parasites” in administration

Dismissing "parasites" in the public administration will be the priority of the Socialist-led government during its second mandate, Albanian Prime Minister Edi Rama has said, ... more