Auchan acquires Caravan supermarket chain
20.06.2017 23:42 "Agro Perspectiva" (Kyiv) —
Auchan Retail Ukraine, which operates a chain of 11 hypermarkets in Kyiv, Lviv, Odesa, Zaporizhia, and Kryvy Rih, has signed an agreement with the Ukrainian distributor Caravan on the acquisition of its assets, namely nine Ukrainian-based hypermarkets, which employ 3,300 people, Interfax says referring to Achan today report.
«Auchan Retail Ukraine will strengthen its presence in Kyiv, and will also be present in four new cities Kharkiv, Dnipro, Zhytomyr and Chernivtsi thanks to the acquisition of the chain,» the report reads.
As to the report, the total area of the Caravan hypermarkets is 58,000 square meters.
As to Auchan, this deal will also develop its multi-format structure. It indicates that the acquisition has already been approved by the Antimonopoly Committee of Ukraine.