Competition Council Approves Zabka’s Acquisition of DRIM Shares
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The Competition Council would have given its consent in relation to the transaction by which the Polish retail group Zabka, with 10,000 stores in Poland, would take over the majority of shares in the consumer goods distributor DRIM Daniel Distribution FMCG, sources told Economia.net. The announcement of the transaction was made in December 2023.
The Polish retailer Zabka has the green light from the Competition Council for local expansion, the competition authority approving the transaction by which the store chain takes the majority stake in the distributor DRIM Daniel Distributie FMCG, a business of 516.6 million lei in 2022 controlled by the Trandafir family from Pitesti and Ioana Ionitescu.
On February 29 this year, Żabka Group met all regulatory requirements and completed the transaction.
DRIM Daniel Distribution is one of the largest FMCG distribution networks in the Romanian market, currently capable of supplying approximately 12,000 traditional retail stores, with over 800 employees.
“The official acquisition of a majority stake in DRIM Daniel Distribution allows for the continued accelerated growth of the company as announced by the Zabka Group, leveraging DRIM’s market position, local reputation, proximity expertise, and capital,” said Zabka representatives.
Furthermore, according to information reported in the Polish press, Zabka is set to open a chain of 200 convenience stores in Romania under the Froo brand.
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