The German Schwarz Group, owner of Kaufland and Lidl, plans to acquire a majority stake in Romanian company La Cocos, subject to regulatory approval.

The transaction will require customary approvals, including from the Romanian Competition Council. Christian Groh, president of Schwarz Corporate Solutions, emphasized the growth potential of La Cocoș and the willingness to work together to expand the existing business model. The current employees will remain part of the company after the takeover is finalized.