Supermarket chain "Daily" becomes the owner of "Zedazeni", i.e. "Georgian Beer Company", the company will also acquire 100% share in "Magnit", i.e. "Retail Investments"- the Competition Agency informs.
A few months ago, it was reported that the Georgian Competition and Consumer Protection Agency (GCCA) issued two approvals, one of which refers to the acquisition of a 30% stake in "Daily" LLC by "Holding.ge" LLC. The Georgian Competition and Consumer Agency has approved concentrations in the FMCG market through the acquisition of 100% of the shares of "Retail Investment" Ltd by “Daily” Ltd.
"Foodmart" is one of the largest holdings, which combines store brands and a distribution network. It is represented on the market by "Spar", "Ioli" and "Kalata" brands with the total number of branches of more than 500 throughout Georgia.
"Daily" LLC, which acquired "Foodmart", unites "Daily" chain of supermarkets with more than 200 branches in seven regions of Georgia. Apart from that, "Daily" LLC owns 60% of "Gvirila Retail" LLC.
Ltd. "Holding.ge", which acquired 30% of "Daily", is the owner of 100% of "Foodmart".
Thus, "Daily" LLC becomes the #1 player in the FMCG market and merges "Magnit", "Spar", "Ioli", "Kalata" and "Gvirila" as well as the company "Zedazeni" into one holding company.
The chairman of the Supervisory Board of "Daily" LLC is Archil Gegenava, the company shares are distributed as follows: Zurab Zakariadze - 25.9%, Davit Kukhalashvili - 11.05%, Marina Petriashvili - 1.05%, Rusudan Maisuradze - 7%, Limited Liability Company DNA Capital Invest LLC - 25% , Limited Liability Company LLC Holding.ge - 30%.
