Send to Kindle
Photo: www.billa.bg
German corporation REWE Group, represented in Bulgaria by two popular supermarket chains BILLA and PENNY Market is allegedly in the process of selling their locations across Bulgaria.
According to unconfirmed information reported by Kapital daily, the procedures have already been launched and the results will be visible in less than two months.
The nespaper also reminded that the first procedure for the selling of the company's capacities in Romania and Bulgaria has started over a year ago and was entrusted to the London based equity fund Mid Europe.
Reportedly, the current sales project will encompass only the supermarkets located in Bulgaria - 91 BILLA stores and 49 - PENNY Markets.
Meanwhile, two other big supermarket chains in Bulgaria merged in November 2014 - the French Carrefour and joint venture-owned Piccadilly. The current enterprise has stated that they are not able to confirm the alleged deal.
According to the rough estimations of Kapital daily, the chain BILLA has had BGN 497,3 M annual income for 2013 and BGN 11,54 M debt, while PENNY Market recorded BGN 195 M in income and BGN 24,19 M in debt.
The situation was said to have remained unchanged in 2014, when BILLA allegedly had BGN 500 M in turnover, and the low-cost chain PENNY - BGN 200 M.
Market analysts commented that the value of the deal expected will reach BGN 360 M.
Meanwhile, the turnover of supermarkets operating in Bulgaria was estimated at BGN 10.3 B, according to data provided by analysts from ICAP. The top ten chains account for 37% of the sum, while the first 50 have concentrated close to 45% of turnover.
BILLA took the third place in terms of income in 2013, according to Kapital's estimations, falling short from leader Kaufland and the second chain Metro. PENNY Market took the seventh place.
Bulgaria’s retailers are increasingly facing an unusual but growing challenge – customers arriving with jars full of small coins to pay their expenses
As the clock strikes midnight and Bulgaria welcomes 2026, the country will also enter a historic financial shift - the beginning of its transition to the euro
Small and medium-sized enterprises in Bulgaria are expected to face the greatest difficulties once the euro becomes the country’s official currency in 202
New research shows that the cost of ski holidays across Europe has climbed by almost 35% above the inflation rate since 2015
Bulgaria’s transition to the euro is approaching, and from January 1, 2026, the European currency will officially replace the lev
Bulgaria could face uncertainty in fuel supplies in the coming months, warned Radoslav Ribarski
Bulgaria could face uncertainty in fuel supplies in the coming months, warned Radoslav Ribarski
The Bulgarian National Bank has presented informational materials introducing the design of Bulgaria’s euro coins
Bulgaria’s government is moving quickly to introduce legislation that would allow the appointment of a special state manager to oversee the operations of Lukoil in the country.
Police in Stara Zagora, Bulgaria, have uncovered an organized criminal group responsible for siphoning large amounts of fuel from a Lukoil pipeline located south of the city.
The European Commission has urged Bulgaria to move faster on expanding the capacity of the Chiren gas storage facility
Ascot Racecourse delivered another thrilling moment for British racing as Oisin Murphy claimed the £50,000 World Pool Jockeys’ Championship title.
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence
