Lonia has been acquired by Studenac

The private shareholder of Lonia has sold the company to Studenac.

Lonia is one of the leading Croatian retail chains in the smaller, convenience format category, with over US$107 million in sales and more than 300 stores.

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.