Jumbo buys CZAV . supermarkets

Jumbo supermarkets takes over the supermarket chain Agrimarkt from CZAV. All shares and real estate locations will be sold to Jumbo. This decision follows, because it is believed that this is better for the future of Agrimarkt.

"As CZAV, we were faced with the choice of whether to invest in Agrimarkt or not. We would then have to keep up with the scaling up and development of the supermarket chains towards home delivery and other omnichannel concepts. We think this is in better hands at Jumbo. Our core activities are the farming activities, and investing heavily in a supermarket chain is not in line with this, nor was it certain whether investing would yield a return," says general manager Antoon van Vugt.

Discussed with members
The decision to sell was not made overnight. "We have of course discussed this decision with the members. The sale of the supermarkets will have no effect on the prices of our agricultural products because these activities are completely separate from each other."

When asked, Van Vugt states that it is too early to say anything about what the money from the sale will be used for. "The focus is now on making the transition from Agrimarkt to Jumbo as smooth as possible. We expect this to take a few more months, subject to ACM's approval of the transaction."

Optimal retention of employment
Jumbo aims to optimally maintain the employment of the 360 ​​employees who work at the Agrimarkt formula. The works councils of Agrimarkt, CZAV and Jumbo have given positive advice on the plans. The AgriSneltank filling stations and the AgriSnellaad charging stations operated by CZAV continue to fit in perfectly with CZAV's growth strategy. CZAV will continue these activities.

Anne-Jan Doorn

Anne Jan Doorn is an arable expert at Boerenbusiness. He writes about the various arable farming markets and also focuses on the land and energy market.

aj.doorn@boerenbusiness. Nl

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