Finançor SGPS, S.A. informs that an agreement is formalized that will allow the acquisition of Marques Comércio a Retalho and Marques Comércio por Grosso, which should happen over the next few days. It was possible to successfully complete the negotiation process with several Credit Institutions and with Grupo Marques, which will allow Finançor Agro ‐ Alimentar, S.A. to acquire the aforementioned food distribution companies.
Grupo Jerónimo Martins Group will remain as a commercial partner of Marques Comércio por Grosso and Marques Comércio a Retalho, with the terms and conditions for a possible deepening of the partnership being finalized, resulting in a minority participation by this Group in the capital of these companies, necessarily subject to due approvals.
This acquisition in the current economic context will be a great challenge, but we are convinced that the project and the partnership we have for the development of the business will allow the growth of companies, allowing azorean consumers an alternative with a differentiating offer in price and quality and that will be an asset for the azorean economy as a whole.
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