Lidl acquires share in Basic
The Schwarz Group has acquired a 13% stake in German organic supermarket operator Basic. It has also obtained the rights to purchase a further 10% in a year's time.
Basic operates 23 stores in 16 German cities. It will work with Schwarz Group to develop new sites across Germany, potentially with a discount supermarket located next to a large organic supermarket.
Schwarz Group operates Lidl discount stores and the Kaufland compact hypermarket format in Germany.
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