Clean Break: the company completely halting Russian engagements or exiting Russia
Leave Withdrawal
Selgros is a cash and carry chain in Europe, owned by Transgourmet Holding, a wholly owned subsidiary of Coop. It started in 1989 as a joint venture between Rewe Group and Otto Group. In March 2008, Rewe took over 100% of the company, and in October 2008 formed the Transgourmet Holding company with Coop.
Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalReceived revenues in Russia in 2022-2023. The Austrian owners of the Selgros retail chain have managed to find a buyer for the Russian business. It could be a food supplier, the Arosa Group, co-owned by Rustem Mirgalimov, whose business interests are concentrated in the agricultural industry. In addition, the deal will include the distributor Global Foods, also owned by the owners of Selgros. The value of the retailer's assets in the Russian Federation reaches 40 billion rubles, but in the event of their sale, it will have to agree to a discount of 35-40%.
| November 28, 2024 | Retail chain Selgros is ready to sell its assets in Russia to the Arosa group |