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The Warsaw Voice » Business » December 7, 2017
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Emperia with a strategic investor
December 7, 2017   
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Listed retail chain Emperia expects that the planned takeover by the Lithuanian Maxima Group will enable the company to develop both organically and via M&As, Emperia CEO Dariusz Kalinowski tells the daily Parkiet in an interview.
Emperia's decision to find a strategic investor was motivated by its plans to consolidate Poland's retail market, raise capital and obtain the precious know-how in the fields of store brands and direct import, Kalinowski explains.
Maxima is interested in accelerating Emperia's development, including its flagship chain stores Stokrotka, CEO adds. Emperia might want to develop via acquiring minor retail entities with the yearly turnover of PLN 100-500 million, Kalinowski says. As for now, there are no plans to integrate Maxima's Polish stores with Emperia's chain, he adds.
Should the tender call fail, Emperia will stick to its original growth plan, aiming at opening over 120 stores in 2018, and search for some other possibilities of getting capital for further development in order to double the number of stores in four years and strengthen its market position, according to Kalinowski.
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