Owner of Novus Ukraine LLC, Consul Trade House UAB, has completed a deal with Rewe International AGo to acquire a 100% stake in the authorized capital of Billa-Ukraine, a foreign investment enterprise, which is developing the Billa supermarket chain in Ukraine.
“We have passed a decisive stage and completed the acquisition of the Billa network. At the moment, we have the opportunity to officially begin fruitful work for the merger,” Novus CEO Mark Petkevich is quoted in a press release.
Novus COO Oleksiy Panasenko also added that the store opening hours will not change. In addition, Novus Ukraine LLC and Billa Ukraine foreign investment enterprise will continue to operate as usual, fulfilling previously reached contractual obligations to partners and counterparties.
