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.
