Lidl seeking to expand by acquiring 4 Scotts outlets

Tista' taqra bil- Malti.

International discount supermarket chain Lidl is seeking to expand its presence in Malta through the acquisition of four outlets from local chain Scotts.

MaltaToday is reporting that Lidl is offering around €35 million to acquire four outlets. Scotts, a family-run operation owned by Said Investments, presently operates 7 supermarkets – in Attard, Naxxar, Burmarrad, Santa Luċija, Sliema, Żabbar and Fleur-de-Lys – the reports do not specify the outlets Lidl is seeking to acquire.

Lidl, which opened its first supermarket in Malta back in 2008, presently manages 8 stores across the country.

According to a Lidl spokesperson, the company’s offer is presently being evaluated by the Office for Competition, and Scotts is expected to continue operating the outlets that are not part of the transfer.

Lidl has also sought to develop a new outlet in Żebbuġ, on the grounds of the SMW Cortis factory, but the plans have hit a snag, with the Planning Authority postponing its decision last July – despite a favourable recommendation by the assigned case officer – over traffic and overdevelopment concerns.