Serbian Delta Maxi thinks over purchase of Hit in Sofia

Serbia's Delta Maxi is negotiating the purchase of two of German discount retailer Hit's supermarkets in Sofia, Dragan Filipovic, Delta Maxi's manager, announced.
The Serbian company gained Bulgarian supermarket chain Piccadilly not long ago and declared its intention to open 20 new outlets of different retail formats under the newly acquired brand.
If the transaction with Hit ends successfully, the two outlets will be renamed Tempo, Delta's discount supermarket brand. Negotiations with Hit are awaited to conclude by the end of the year, told Filipovic.
The German retailer runs supermarkets in the Sofia neighborhoods of Mladost and Lyulin. It at irst planned to invest 50 million euro in 15 outlets but its local expansion plans ended after the launch of its second branch.
Hit decided to downscale its Bulgarian project in 2006. Rumour has it that Hit has been offering its outlets to potential buyers for some time, though company officials denied this. Neither would they comment on the present deal.

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