The European Bank for Reconstruction and Development (EBRD), CEECAT Capital, and Morphosis Capital have announced the completion of their investment in Romanian retailer La Cocos, following approval of the deal by the Competition Council and the completion of the operation with the companies part of Germany’s Schwarz Group, owner of the Lidl and Kaufland chains.
Romania's Competition Council has issued a series of competition concerns related to the planned acquisition of La Cocoş store chain by the Schwarz Group, which operates the Kaufland and Lidl retail chains in Romania.
Germany’s Schwarz Group, the owner of Lidl and Kaufland, is buying 70% in Romanian retailer La Cocos. The founder of the business, entrepreneur Iulian Nica, will keep the remaining 30%.