Kambourov & Partners has advised Maxima Bulgaria (operator of the T-Market supermarket chain) on its acquisition from the REWE Group of 12 supermarkets in REWE's Penny chain (which terminated its activity in Bulgaria).
According to Kambourov & Partners, after receiving the green light from the Bulgarian competition regulator, Maxima Bulgaria, part of Lithuania’s Maxima Grupe discount retailer, successfully acquired the 12 supermarkets from REWE and will continue to expand its T-Market network across the country.
The firm claims that, “according to media sources, the deal will make Maxima Bulgaria the 3rd-largest retail chain in Bulgaria by number of stores.”
Kambourov & Partners did not reply to our inquiry about counsel for REWE Group on the deal.
