Rewe makes regional acquisition

Date : 22 March 2013

Rewe Group has acquired a 51% stake in Wasgau AG, operator of supermarkets, hypermarkets and cash & carries in Rhineland-Palatinate and Saarland, Germany.

'Many parallels' between Rewe and Wasgau

Rewe CEO Alain Caparros said Wasgau had a strong local and regional position in Rhineland-Palatinate and Saarland, and a wide range of expertise in the areas of freshness and regionality.  The aim of the share restructuring is to help secure a strong regional trading company, and develop a sustainable future for Wasgau. 

About Wasgau...

Wasgau AG is based in Pirmasens, in south-western Germany near the French border.  It operates 87 supermarkets and hypermarkets, of between 600 and 4,000 sq m, alongside seven cash & carry outlets which supply catering and wholesale customers. Wasgau reported sales of around €482m in 2011, the most recent figures available.  The remaining 49% stake will stay in the hands of the Hornbach Foundation.  The transaction remains subject to regulatory approval.