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SPAR is a prestigious Austrian retail group operating 90 EUROSPAR Supermarkets, 45 INTERSPAR Hypermarkets, 400 SPAR Supermarkets and serving 1100 SPAR-stores throughout Austria.
The Interspar hypermarkets acquired by Wal-Mart have combined annual sales of about $1.
Spar International deputy general manager Gerrit Kok said Russia represented a major growth opportunity, with up to 30 Eurospars planned in the next three years and a project under way to look at developing Interspar hypermarkets in Moscow.
However, Spar is still working with the liquidator to find companies interested in taking on the franchise in Estonia and Latvia, where Baltic Food owns about 55 Spar, Interspar and Eurospar stores.
Spar International md Gordon Campbell is still looking to find a new partner to take over the Spar franchise in Estonia, Lithuania and Latvia, where 70 stores trade under the Spar, Eurospar and Interspar banners.
Spar, Interspar and Eurospar stores in Lithuania and Latvia have closed and Spar International is now holding urgent talks with businesses in the region to find a new partner.
It currently operates 96 supermarkets and 14 Interspar hypermarkets in the country.
The sale of Spar Handels' Interspar stores in 1998 to Wal-Mart had contributed to lower overall sales by DM3bn or by 0.
Wal-Mart is known to have looked at acquiring these stores in the past, but decided instead for the InterSpar deal.
Unlike Wal-Mart's German acquisitions Wertkauf and InterSpar, Asda is an efficient business with sound management -- it operates on the same net margins as Wal-Mart.
Tibbet & Britten won the contract and has started work on a state of the art system to serve the former Wertkauf and InterSpar businesses.
Wal-Mart is spending $300m merging the logistics of its two German acquisitions, Wertkauf and Interspar hypermarkets.