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.

Penny Romania plans to invest €3 billion over a decade

Penny Romania announced its expansion plans, targeting 1,000 stores and a total investment of €3 billion over the next decade.

Real estate

Iulius to start €80 million revamp of Palas Iași

Romanian developer Iulius will start this month a remodelling of its mixed-use project Palas Iași, based on a concept by architecture firm Foster + Partners.

Real estate

Hagag to open luxury department store in Bucharest

Hagag Development Europe is preparing to reopen the Știrbei Palace on Calea Victoriei, in H2 2025, as a luxury department store. 

Real estate

Altex buys Brico Dépôt Romania for €70 million

Altex Romania retailer has purchased DIY network Brico Dépôt Romania from Kingfisher in a deal worth €70 million. The closing is expected to take place in H1 2025. 

Real estate

Home deliveries in Romania fall 20% in H1 2024

Romania's residential market recorded around 26,000 new home completions during H1 2024, down 20% over the same period of last year, according to Colliers data. 