Skip to main content

GT Advised Emperia Holding on the Finalization of the Strategic Investor Selection Process

WARSAW – Nov. 27, 2017 – Greenberg Traurig represented Emperia Holding S.A. in signing an investment agreement with MAXIMA GRUPĖ, UAB. On that basis, MAXIMA announced a tender offer for 100 percent of shares in Emperia.

The agreement finalizes the strategic investor selection process for the company that was initiated in May 2017. The tender offer is subject to customary anti-trust approval and certain other conditions, including a 66 percent acceptance threshold and a successful voting on the amendment of the company’s articles of association.

Greenberg Traurig provided strategic legal counsel with respect to the transaction, including preparation of the due diligence process and negotiation of the transaction documentation.

The transaction was led by Partner Ireneusz Matusielański, who was supported by Local Partner Tomasz Kacymirow, associates Magdalena Zmysłowska and Marek Kłeczek, and Senior Associate Adam Puchalski.

Emperia, which was established in 1990, is a capital group and an operator of a leading and independent store chain under the Stokrotka brand. Having 410 stores, the company holds approximately 20 percent of the market of proximity supermarket stores located in housing estates, mini shopping centers, and shopping malls. In 2016, Emperia generated PLN 2,451 million of consolidated income and EBITDA of PLN 111 million. Emperia employs approximately 8,200 people. The company has been listed on the Warsaw Stock Exchange since 2002.

MAXIMA GRUPĖ, UAB is a holding company encompassing Maxima retail chains (in Lithuania, Latvia and Estonia), T-MARKET (in Bulgaria), ALDIK (in Poland), and Barbora, an on-line grocery store. In 2016, the company’s consolidated turnover amounted to EUR 2,693 million. MAXIMA GRUPĖ UAB employs approximately 31,000 people.

About Greenberg Traurig LLP

Greenberg Traurig, LLP is an international, multi-practice law firm with approximately 2,000 attorneys serving clients from 38 offices in the United States, Latin America, Europe, Asia, and the Middle East.

Greenberg Traurig Grzesiak sp.k. was named the 2017 Law Firm of the Year in Poland and the 2016 Law Firm of the Year in Poland - Client Service Award by Chambers and Partners.The Warsaw office of Greenberg Traurig, LLP provides legal services to clients in Central Europe and beyond and consists of 100 lawyers. Team members are regularly recognized as leaders in numerous practice areas. Chambers Global, Chambers Europe, IFLR1000, and EMEA Legal 500 consistently rank them among the top tiers the areas of Corporate/M&A, Capital Markets, Real Estate, Private Equity, Tax, Banking and Finance, Project Finance, Energy, Dispute Resolution and TMT.

For additional information, please visit