Ellex in Estonia advised the sale of ABC Supermarkets to Selver
On Friday, May 29, the sale of ABC Supermarkets to Selver was completed. The deal added 16 Comarket stores in Harju, Pärnu and Tartu counties, Delice grocery stores in Viimsi and Pärnu and the Solaris Center grocery store in Tallinn to the Selver chain. Thus, Selver now owns a total of 72 stores.
ABC Group, which was the sole shareholder of ABC Supermarkets AS until now, is one of the largest groups of companies based on Estonian capital, which will focus hereafter on the sale and maintenance of cars and the wholesale of food and consumer goods.
Selver is a chain of supermarkets and hypermarkets operating in Estonia, established in 1995.
“The merger of Selver and Comarket is an important step for the future of Estonian retail. With the synergy of valuable experience and successes of both chains, we will further strengthen trade based on domestic capital through dedicated customer service and valuing the goods of Estonian local producers,” says Kristi Lomp, Member of the Management Board of Selver AS.
ABC Groupi AS was advised on the sale by Ellex Partner Risto Vahimets, and on competition law matters by Partner Martin Mäesalu.
Read more about the deal here.