Colruyt, together with other members of the Coopernic alliance, has announced the acquisition of Lithuanian retailer Iki.

The members have acquired a majority stake of 80% in the capital of Iki with the remaining 20% still in the hands of the family Ortiz, who founded the group in 1992.

As a result, Colruyt, the Belgium-based retailer, said it has acquired a direct stake of 10.5% in the business.

Coopernic also includes French retail giant Leclerc, Italian grocer Conad, Germany's Rewe and Coopsuisse.