Dabar populiaru
Published: 13 march 2012 11:26

New Norwegian owners of R-Kiosk seek to become largest kiosk chain in Europe

Andriaus Ufarto/BFL nuotr. / R-kiosk

Norway’s Reitan Servicehandel, which is buying R-Kioski chain of 2,500 outlets in Finland, Estonia and Lithuania for 448.86 million litas (EUR 130.1 mln), seeks to become the largest chain of kiosks in Europe, the Verslo Žinios business daily reports on Tuesday.

In Lithuania, the company will acquire R-Kiosk outlets, the outlets of Lietuvos Spauda and the press distribution company Impress Teva.

The investors will seek to strengthen the sales of its more profitable products and continue selling press and transport tickets, Reitan Servicehandel CEO Magnus Reitan said in an interview with the daily.

“We do not earn much from the press, tickets or tobacco, but these categories bring in people who buy more profitable products,” he said.

The new shareholder would share its business expansion experience on the new markets, he said.

“We think that, having acquired extensive experience in Norway, Sweden, Denmark and Latvia, we have something to bring to Finland, Estonia and Lithuania,” Reitan said.

Norway’s company was satisfied with the situation it found in Lithuania, he said.

“We are the leaders in Lithuania and will try to speed up what the local managers have started. We do not consider any further acquisitions,” Reitan said.

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