Schwarz Group to acquire a 70% stake in La Cocos.

Schwarz Group, a retail company operating discount food stores and supermarkets, agreed to acquire a 70% stake in La Cocos, a Romanian hard discounter retail chain. Financial terms are not disclosed. "We have the opportunity to benefit from the expertise of a successful international commercial group. We are enjoying close collaboration to further develop our established concept and maintain an attractive offer for our customers,” Iulian Nica, La Cocos founder and CEO.