The Service of the Commission for the Protection of Competition announces that it has received a notification of concentration by regarding the acquisition by S.D.T Ioannides Bros Limited of the SPAR supermarket in Larnaca of ERMES Department Stores PLC
S.D.T. Ioannides is a company duly registered according to the laws of the Republic of Cyprus. It is active in the retail trade of food and household items through supermarkets. It owns supermarkets in Anthoupolis and Agious Omologites and it is also active in the real estate management market.
The Target is SPAR in Larnaca, which is owned by ERMES Department Stores PLC. The business is a supermarket that is active in the retail of food and household items, in the Drosia area of Larnaca district.