Iki news

18 April 2018
Lithuanian competition authorities have blocked ICA’s acquisition of UAB Palink, which runs the IKI grocery retail chain in the country. This follows local competition authorities granting conditional approval in October 2017. Approval was conditional on ICA selling 17 specific IKI/Rimi stores before the transaction could be completed. Competition authorities unsure of ‘buyers’ competitivenes...
20 October 2017
Sweden-based ICA has received conditional approval from the Competition Authority in Lithuania over its acquisition of UAB Palink, which operated the IKI banner. Approval follows ICA concession ICA announced it would acquire IKI in December 2016 for €213m. If allowed it would have combined its 60 store operation in the country with IKI’s 230. However, following the Competition Authori...
23 December 2016
Swedish market leader ICA has agreed to acquire Lithuanian grocery retailer IKI for €213m, making ICA’s Rimi Baltic fascia the second largest grocery retailer in Lithuania. The deal is subject to approval from local competition authorities and this is expected to be confirmed by Q4 2017. ICA had lowest share in largest Baltic market Commenting on the development, ICA CEO Per Strömberg said,...
25 November 2016
Sweden’s ICA, which operates the Rimi Baltic chain in the Baltics has confirmed that it is in discussions to acquire Lithuanian grocery chain IKI, the country's second largest grocery retailer. Lithuania as a key growth driver for ICA… In the first half of 2016, despite being ICA’s smallest market in the Baltics, Lithuania was th star performer, with sales growth of 15.7%. During the fi...
20 January 2014
Alain Caparros, CEO of Rewe Group, has been named head of the buying group Core, according to German press reports. Rewe is largest partner in the group Core is comprised of Rewe, Coop Schweiz, Colruyt and Conad and was formed following the departure of Leclerc from the buying group Coopernic in late 2013. As the largest partner in the group, Rewe takes the lead on the board. Gianluigi Fe...