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03-09-2019 11:29
Sale of HIT hypermarket chain finally closed

On September 2nd, 2019 Rodna Zemya Holding AD successfully completed the acquisition of 100% of the capital of the fast-moving consumer goods retailer HIT Hypermerket EOOD, Sofia from HIT Bulgarien GmbH, Germany. The capital of HIT Hypermarket EOOD is divided into 221,000 shares with nominal value of BGN 100 each. The completion of the transaction took place after due obtaining of merger clearance from the Competition Protection Commission of the Republic of Bulgaria. HIT Hypermarket EOOD operates on the territory of Sofia two shops for daily consumer goods (fast moving food and non-food) – in Mladost and Lyulin districts.

DGKV advised the seller DOHLE Trading Group Holding LLC & Co. LP on the extensive commercial negotiations, structuring of the deal, vendor due diligence exercise and preparation of transaction documents on the seller’s side. The team was led by Partner Zdravka Ugrinova and comprised of Partner Viara Todorova, Senior Associates Kaloyan Krumov, Vladislav Antonov and Kamen Gogov, and Associates Martin Dimitrov, Elena Shopova, Dessislava Ivanova, and Peter Angov

Source: https://www.bse-sofia.bg/bg/news/id/115055
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