REMA 1000 Denmark has signed an agreement to acquire 114 of ALDI Denmark’s 188 stores, 3 distribution centres and certain projects. The rest of the stores will either be closed or sold during 2023.
Up to 1,600 of ALDI Denmark’s approx. 2,800 employees will be transferred to REMA 1000. REMA 1000 expects to convert and reopen most of the ALDI stores under the REMA 1000 brand.
REMA 1000 opened its first store in 1979 and the two first stores in Denmark in 1994. Today, the discount chain has 363 stores in Denmark and employs more than 16,000 people across the country. REMA 1000 Denmark is part of the Nordic and Baltic detail group Reitan Retail.
The transaction has occurred after ALDI’s decision to leave the Danish market, of which ALDI has been part since 1977. ALDI wants to focus its efforts on the other eight European markets in which ALDI experiences strong growth and sees a long-term potential.
The transaction is one of this year’s most complex ones and has required assistance from most of Accura’s specialist teams. The transaction is subject to approval from the Danish competition authorities.
Accura advised Reitan Retail, REMA 1000 and the Danish management in connection with the transaction.