Estonian supermarket Selver, owned by the Tallinna Kaubamaja Group, will acquire several stores from the ABC Group.
Acquisition to grow Selver’s presence
Selver will obtain 16 Comarket stores in Harju, Pärnu and Tartu counties. In addition, it will purchase two Delice supermarket food stores in Viimsi and Pärnu and a Solaris food store in central Tallinn.
The deal has yet to be approved by the European competition authority. However, once confirmed, Selver will operate 72 stores in Estonia, up from its current 53 stores.
Raul Puusepp, Tallinna Kaubamaja’s chairman, said: “It has been a long-term strategic goal for the Tallinna Kaubamaja Grupp to expand our operations in the supermarket channel and this deal helps us achieve it.”
Mart Vips, ABC Group’s chairman, said: "In order to guarantee the best choice of goods at a reasonable price for the customer, food trade companies in Estonia need enough scale. There has been significant interest in our company over the last couple of years, but we have now found a suitable new owner and agreed on the terms with Selver. I am delighted that we have reached an agreement with a partner who shares our values.”
About the groups
Selver was established in 1995 and currently operates 101,000 sq. m of retail space in Estonia.
The Comarket brand was established in 2003, while Delice and Solaris Centre food store followed in 2009.