Poland's Eurocash mulls buying smaller retailer Mila | Progresiv
Polish retail and wholesale group Eurocash said it signed a letter of intent to buy its smaller rival Mila. 
Eurocash said exclusive talks with Mila sellers, which include Argus Retail Holding Ltd, will last until Sept. 8 and that an initial deal might be signed by then.
The potential deal could see Eurocash take full control of the Mila retail chain, which includes 188 supermarkets in Poland. In 2016, the retailer's sales amounted to 348.8 million euros and EBITDA was 1.12 million euros.
Eurocash is the largest wholesale distributor of FMCG products in Poland, with market share reaching over 26%. The company manages a network of about 14,000 franchise stores, as well as its own under a number of banners, including Lewiatan, Eco, Delicatessen Center, ABC, Euro Sklep and Groszek. (www.reuters.com)








