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Maxima Grupė to Expand Outside the Baltic

2023/06/01
in Macroeconomics

Maxima Grupė, which operates supermarkets and e-shops in the Baltic States, Poland, and Bulgaria, has concluded financing agreements for retail chains for a total amount of €100 million. The group is the largest employer in the Baltic, with over 40,000 employees, and is the largest Lithuanian company by capital. The contracts have been concluded with companies AB SEB bankas, Skandinaviska Enskilda Banken and Sweebank. 

Maxima Grupė’s plans include the redemption of bonds issued five years ago and investments in retail solutions. The group’s total investment in the expansion and renovation of stores in 2022 amounted to €116 million, with 110 stores added to the network in Poland and 14 additional stores in Bulgaria. Maxima Grupė also invests in the development of e-commerce in Poland, where Barbora’s gross revenue and number of orders tripled in 2022.

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