The company has completed the acquisition of Romanian food retailer Profi Rom Food SRL (Profi) from MidEuropa for approximately €1.3bn, the Belgian retailer has 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 €2.7bn. Ahold Delhaize expects Profi to add approximately €3bn in net sales to its 2025 financial results.
The intention to acquire Profi was announced in October 2023 and was recently approved by the Romanian Competition Council, subject to 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.
