BALTIC STATES JV
November 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Commission has approved the creation of a retail joint venture in the Baltic States, run by Scandinavian food retailers Kesko Oy, of Finland, and ICA AB, of Sweden and Norway. This new business will buy and sell daily consumer goods in Estonia, Latvia and Lithuania, combining the two Scandinavian company's existing outlets in the region. The joint venture will operate hypermarkets, food-supermarkets and hard discount chains under Kesko's Citymarkets, Säästumarket, and SuperNetto brands, plus ICA's RIMI brand. It was approved ...
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