German Lidl held talks to buy Ukrainian chain ATB

German retail company Lidl held talks this year about acquiring the Ukrainian grocery chain ATB.

Forbes magazine reports this.

The talks took place from March to July, but the sides did not agree on the terms of the deal, agreeing to return to discussions after the end of the Russia-Ukraine war.

At the same time, according to a source from ATB’s management, no specific purchase offer was made — only deal options were discussed.

ATB’s business, like that of other Ukrainian retail chains, is suffering heavy damage from constant Russian attacks on retail outlets and warehouse facilities. Earlier, ATB confirmed a shortage of goods and introduced restrictions on their sale.