Home Economy Sklavenitis is interested in acquiring AS Agora network

Sklavenitis is interested in acquiring AS Agora network

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Sklavenitis is interested in acquiring AS Agora network

Sklavenitis is negotiating with another chain in the region, AS Agora, with a view to acquiring it. However, according to sources close to Sklavenitis, there is still no agreement between the two parties, and it remains to be seen in the near future whether this will be the 12th acquisition of the chain, a few weeks after the acquisition of the part in the stores of the Gegos chain. .

AS Agora, the brand under which Sanidas – Papakonstantinou IKE operates in the field of organized food retail, started operations at the end of 2015 when it opened its first retail store in Ag. Athanasius. Since then, eight more have followed (at Ampelokipous, Philippoupoli, Agios Konstantinos and Nea Smyrni in Larissa, in the center of Thessaly city, in Agia, in Ampelon Tirnavou and in Neos Poros in Pieria). There are also warehouses. In total, the company created 100 jobs.

According to the latest published financial report for the 2020 financial year, the turnover of the company from Larissa in 2020 amounted to 10.35 million euros, an increase of 13.91% compared to 2019. The net result of the year is a profit of 48,880.94 euros. Euro. However, the end of 2020 found the company with negative equity, as its short-term liabilities exceeded current assets by €2,125,010.34 and accumulated losses amounted to €1.09 million.

Sklavenitis has five stores in Larissa, including one in Elassona and two stores in Pieria, both in Katerini.

AS Agora has nine stores, mainly in Thessaly, warehouses and employs 100 people.

If negotiations with AS Agora come to an agreement, this will be the 12th acquisition of Sklavenitis, an acquisition through which it will strengthen its presence in the largest city of the plain, as well as in two areas with significant tourism development, such as Agia and new resources.

The first major acquisition of Sklavenitis took place in 2007 when it acquired the Papageorgiou chain. In 2010, it acquired 10 stores from the bankrupt Atlantic, and in 2013 began leasing the stores of three small chains (Dukas, Ekstra-Prota and Ftina and Balaskas). In 2014, he acquired 60% of the Halkiadakis chain from Veropoulos, and in the same year announced the acquisition of Makro Cash & Carry, which was later renamed The Mart. In 2017, it acquires the Marinopoulos supermarket chain as part of the consolidation and transfer agreement process and becomes an industry leader.

In early 2020, it acquired the caremarket.gr online store, and in 2022 it acquired nine of the 11 SEP Markets stores in Ioannina and four Gegos stores in Mesogei.

Author: Dimitra Manifava

Source: Kathimerini

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