22 | 06 | 2017

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Acquisition of the retailer Karavan in Ukraine

Acquisition of the retailer Karavan in Ukraine
By acquiring retailer Karavan, Auchan Retail Ukraine is consolidating its foothold in the country and launching its multiformat development there

Auchan Retail signed an agreement with Ukrainian retailer Karavan to acquire its activities. This deal firmly anchors Auchan Retail Ukraine in the country, where it is embarking on its multiformat development.

“The signature of this agreement between Auchan Retail Ukraine and Karavan on the acquisition of the latter's activities comes after successful negotiations. It is an agreement that benefits both parties. We firmly believe, moreover, that the customers of the Karavan network will appreciate Auchan's services and the quality of its products.” Oleksiy Yastremsky, Head of the Karavan network

“Through this major investment in Ukraine after a number of difficult years, Auchan Retail is reasserting its confidence in the revival of the country's economy, and its aim to offer our customers and employees the benefits of a major international retailer.” Gérard Gallet, Managing Director of Auchan Retail Ukraine

Read the Press Release