28 May 2021

Retail grocery chain Stokrotka signed an agreement to take over 9 grocery stores that are operating in Poland in the region close to Warsaw. The transaction is planned to be completed until the end of 2021, subject to certain conditions to be fulfilled according to the agreement, including unconditional antitrust approval.

12 May 2021

As of 12 May, Karolis Lesickas becomes the CEO of Franmax, a subsidiary of Maxima Grupė, which provides IT development, support and maintenance services to the group companies. He is replacing Karolis Ceizaris who headed Franmax and now joins the team engaged in e-commerce development projects at Vilniaus Prekyba group.

7 April 2021

“2020 year was challenging for MAXIMA GRUPĖ, especially in the Baltics, where revenue growth was stagnating, however continuous expansion in Poland and significant e-commerce growth, has increased MAXIMA GRUPĖ’s 2020 revenue by 5.8%, which stood at EUR 4,226 million. Also, we reviewed our cost structure and significantly improved our results in Poland, which allowed us to improve operating profit. Last year, all of our 41 thousand employees dedicated a lot of efforts in order to ensure the availability of the necessary products and the safe shopping experience to millions of our clients” said Mantas Kuncaitis, the CEO and the Chairman of the Board of MAXIMA GRUPĖ. 

16 March 2021

Maxima Grupė UAB, the company, controlling the largest food retail group in the Baltics has successfully completed an inaugural Commercial Paper offering with 12 months tenor. The nominal value of the transaction amounts to EUR 40 million.

8 March 2021

Maxima Grupė UAB, the company, controlling the largest food retail group in the Baltics, rated BB+ by S&P (outlook negative), has mandated Luminor as Sole Lead Manager to explore opportunities for commercial paper issuance.