Ahold Delhaize completes Profi acquisition in Romania

Business Forum

7 January, 2025 at 8:21 AM

Ahold Delhaize has completed the acquisition of Romanian food retailer Profi Rom Food SRL (Profi) from MidEuropa for approximately €1.3 billion, the Belgian retailer announced in a press release.

Ahold Delhaize currently operates almost 1,000 stores in Romania under the Mega Image brand.

The leading traditional food retailer in Romania, Profi operates approximately 1,700 supermarkets and convenience stores. In the twelve months ended June 2024, the company generated net sales of €2.7 billion.

Ahold Delhaize expects Profi to add approximately €3 billion in net sales to its 2025 financial results.

The intention to acquire Profi was announced on October 2023 and recently approved by the Romanian Competition Council, subject to post-closing obligations regarding the post-closing obligations regarding the relationships with suppliers in the Romanian retail market, as well as the divestiture of 87 stores, as detailed in the related announcement.

BofA Securities and Goldman Sachs acted as financial advisors to Ahold Delhaize; CMS Cameron McKenna Nabarro Olswang and GNP Guia Naghi & Partners acted as legal advisors.

Romanian transaction pipeline points to recovery in H2 2026

Romania's modern retail stock reached 4,859,000 sqm by the end of Q2 2026, with retail parks accounting for approximately 23% of this area. Deliveries in H1 2026 totalled 84,000 sqm, including the expansion of Arena Mall Bacău, Phase 1 of Urbano Shopping & Living in Cluj-Napoca, and new retail parks in Oradea, Breaza, Bran, and Brașov. A further 68,000 sqm are under construction with delivery scheduled for H2 2026, including ARIA Shopping Centre, One Gallery, and Cometex retail parks, bringing the estimated full-year total to 152,000 sqm. Looking further ahead, nearly 300,000 sqm of new space is in the planning and construction phase for 2027–2028, with major projects including the 120,000 sqm mixed-use Rivus project in Cluj-Napoca, expansions of Promenada Mall Bucharest and Palas Iași, and M Park Galați.

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