Belgium-based retailer Delhaize Group, has confirmed it is interested in purchasing a further stake in Serbian retailer C Market from the country’s government.

A spokesperson for the retailer told just-food today (11 February) that it is looking to acquire a 16% share in the group, which would raise its holding to more than 91%. He declined to comment further on the plans, however, and added: “We are in the middle of the privatization process and we will only be able to comment when the process is over.”

According to Bloomberg, Delhaize will pay EUR9.72m (US$13m) for the stake, or EUR300 per share. The remaining stake in C Market belongs to the company’s employees.

Delhaize started its expansion in Serbia in 2011 through the acquisition of Delta Maxi Group, the country’s biggest grocery chain, for EUR932.5m. In April last year, the company announced plans to build a distribution centre in the country as part of its expansion plans there.

How well do you really know you competitors?

Access the most comprehensive company profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – Free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData