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Billa Has Growth Plans in Russia

Published: January 16, 2012; 18:59 · (Vindobona)

The Austrian subsidiary of German Rewe Group intends to take over the Russian competitor Citystore.

Billa Has Growth Plans in Russia / Picture: © Rewe Group

At the moment, the supermarket chain Billa operates 72 stores in Russia. As Billa considers expanding its local activities, the acquisition of the Russian competitor is planned. Citystore is specialized in food trade. Negotiations with the Turkish entrepreneur Enka Insaat, the owner of Citystore, are going on. The Russian Competition Authority is informed. Although an approval is still…

This article includes a total of 193 words.

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