Lonia has been acquired by Studenac

Lonia Trgovina, the leading retail chain in the smaller, convenience format category, has been acquired by Studenac, the fastest growing retail chain in Croatia.

Lonia has a retail network of more than 300 stores (80 of them owned by the Jaram family) and a turnover of over US$110 million. More than 30% of the stores operate within the Zagreb metropolitan area, where Studenac had a limited presence.

Founded in 1991, Studenac is a fast-growing consumer goods retail chain. With more than 4,000 employees and almost 750 stores, it is now the main retail chain on the Adriatic coast, as well as one of the top national chains, with the largest sales network in Croatia.

Oaklins’ team in Croatia acted as the exclusive sell-side advisor in this transaction.