Lithuanian food retailers set on expansion amid gloomy EU economy

  • 2012-02-15
  • By Linas Jegelevicius
KLAIPEDA - As the lingering eurodebt crisis slows down recovery and staves off expansion, Lithuanian grocery giant Maxima Group is set to go on a whopping shopping spree.The Baltic supermarket giant is eyeing the acquisition of 450-grocery store Spanish food retailer DinoSol and 24-supermarket Polish chain Aldik Nova.Spanish media claims that Maxima, the largest Lithuanian food retailer, has been approached by DinoSol owners. It is said the deal between the retailers is to be completed by March. If signed, Maxima would acquire 450 DinoSol-managed grocery supermarkets belonging to...
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