Indotek Group acquires 47 percent of Auchan Magyarország Kft
The Indotek Group signed an agreement on the purchase of 47 percent of Auchan Magyarország Kft., which controls the retail activities of the Auchan department store chain and owns several of its stores and gas station networks, as well as the legal entities that own 100 percent of the business premises operating in the core area of the Auchan department stores, the parties involved in the transaction announced on Wednesday. I’m afraid.
According to the announcement sent to MTI, with the transaction, the Indotek Group appears as a financial investor in the domestic Auchan supermarket chain, which is majority-owned by the French Mulliez family. As part of the agreement, Auchan’s current management will continue to manage the chain’s retail activities after the transaction.
Through the strategic partnership between the European retail giant and Indotek Group, Auchan can expand with new stores in Indotek’s existing commercial properties. In this way, the chain’s products can become available to a significantly wider range of customers in new rural settlements.
Related news
“You can’t say no to such an exciting time!”
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Autumn, harvest and wine fair at Auchan
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Digital advertising in a new era
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
KSH: retail turnover in August exceeded the same period of the previous year by 2.4 percent and the previous month by 0.8 percent
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >NGM: purchasing power is increasing, retail trade is expanding – family tax cuts and food vouchers for pensioners are further strengthening turnover
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >K&H Analyst Commentary: There is still room for expansion in Hungarian stores
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >