Ahold Delhaize buys the Profi chain of stores in Romania

by   CIJ News iDesk V
2023-11-07   08:40

Ahold Delhaize, the owner of the Mega Image retail chain, has bought the Profi retail network in Romania. The deal between the two companies was worth EUR 1.3 billion. The transaction is subject to approval by the relevant competition authorities and is expected to be completed during 2024.

Retailer Profi, owned by investment fund Mid Europa Partners, has the most extensive store network in Romania. The company operates a network of more than 1,650 stores and recorded a turnover of more than EUR 2.5 billion in the 12 months to the end of June 2023.