The Central Bank of Ireland has approved the Maxima Grupė’s base prospectus that was also announced on the Dublin Stock Exchange. Under the document, Maxima Grupė has the ability to issue up to EUR 1 billion bonds. If the decision is made by the company to start bonds issuance, the first emission would amount to EUR 300-400 million.

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Maxima Grupė is starting the process of retail chains Stokrotka and Aldik in Poland integration. Aldik, which was acquired by the company in 2012, will be integrated into Stokrotka. Earlier this year, Maxima Grupė acquired Emperia Holding S.A. that operates Polish retail chain Stokrotka. The integration of both companies is planned to be completed this autumn.

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Standard & Poor’s has assigned Maxima Grupė BB+ credit rating with a stable perspective. Maxima Grupė has become the first private company in the Baltics and one of the few retailers in the Eastern and Central European region, which received and publicly announced an international credit rating. According to the company, this rating is the highest among European retail companies of similar size (with an annual revenue amounting to EUR 4 billion).

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Kęstutis Gailius, Chief Financial Officer (CFO) of Maxima LT, will continue his career in one of Maxima Grupė‘s companies Emperia Holding S.A., that operates Polish retail chain Stokrotka. He will join the company as CFO. K. Gailius was also appointed the Vice President of the Management Board of Emperia Holding S.A.

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In order to further strengthen corporate governance at Maxima Grupė, an audit committee has been established. The supervisory board of the group has appointed three members to the committee for a four-year term: Jurgita Kirvaitienė, who is managing director of the electronic money institution Glocash Payment, Kasparas Žebrauskas, the partner in charge of quality and risk management at the audit and accounting firm BDO Lietuva, and Rytis Jezepčikas, a member of the board of Vilniaus Prekyba.

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