Private equity fund MidEuropa entered an agreement to sell Profi Rom Food, one of the most extensive food retailers in Romania, to Dutch grocery retail company Ahold Delhaize - which also includes the Mega Image chain - for 1.3 billion euros, the fund announced on Monday.Profi's sale to Ahold Delhaize represents the largest deal in the food store segment in continental Europe involving a private equity fund, and also the largest transaction so far in the food segment in Central and Eastern Europe, but is conditional on the approvals from the regulatory bodies and is expected to be completed in 2024.After its acquisition by MidEuropa in 2017, Profi became the most extensive supermarket chain in Romania (by number of stores) and one of the fastest growing retailers on the local market, adding more than 1,100 stores and increasing sales more than 3.3 times.Profi is an important proximity food retailer that runs a network of over 1,650 stores throughout Romania, in over 800 urban and rural locations, supported by six distribution centers. Profi has over 28,000 employees throughout the country and generated revenues of over 2.5 billion euros in the 12-month period ending in June 2023.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
