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Dutch retail conglomerate Ahold Delhaize has announced that it has completed the acquisition of Romanian supermarket Profi Rom Food (Profi) from private equity fund MidEuropa for €1.3 billion ($1.35 billion).
The acquisition significantly expands Ahold Delhaize’s footprint in Romania, where the company operates nearly 1,000 stores under the Mega Image banner.
Profi has a network of 1,700 supermarkets and convenience stores, and reported net sales of €2.7 billion ($2.81 billion) for the year ending June 2024.
Commenting on the deal, Ahold Delhaize president and CEO Frans Muller said: “We are excited to have completed this transaction, marking a considerable step-up in our presence in the region. The acquisition of Profi reinforces our commitment to providing customers in Romania a broad and diverse range of high-quality products and services”.
Profi CEO Gaetan Pacton added: “Consumers in Romania appreciate the network of stores, the quality of the product range and the shopping experience we provide. This is not by chance, it is the outcome of inspired and hard work, as well as of the vision of the entire Profi team. They deserve our appreciation, since this has enabled us to achieve a top position in Romanian retail. It also makes it possible for Profi to be part of Ahold Delhaize, one of the world’s top food retailers”.
Source: Ahold Delhaize
