BULGARIA: Rewe might be leaving Bulgaria | Progresiv

German corporation Rewe Group, represented in Bulgaria by two popular supermarket chains Billa and Penny Market is allegedly in the process of selling their locations across Bulgaria.

According to unconfirmed information reported by Kapital daily, the procedures have already been launched and the results will be visible in less than two months. The newspaper also reminded that the first procedure for the selling of the company's capacities in Romania and Bulgaria has started over a year ago and was entrusted to the London based equity fund Mid Europe.

Reportedly, the current sales project will encompass only the supermarkets located in Bulgaria – 91 Billa stores and 49 Penny Market stores. (www.novinite.com)