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Ahold: Ahold Delhaize to buy...

Ahold Delhaize has agreed to buy...

Ahold: Ahold Delhaize to buy Romanian retailer Profi for $1.4 billion

Ahold Delhaize has agreed to buy Romanian grocery retailer Profi from private equity firm MidEuropa for 1.3 billion euros ($1.37 billion), it said on Monday, in a deal that will more than double the company's operations in Romania. The acquisition, expected to close in 2024, will be fully funded by debt, Ahold added, and will generate "significant revenue growth and synergies". "This acquisition provides a strong format fit and complementary customer proposition to Ahold Delhaize's great local brand Mega Image in the Romanian market," Ahold said in a...

Ahold: Ahold Delhaize...

Ahold Delhaize has agreed to buy Romanian grocery retailer Profi from private equity firm MidEuropa for 1.3 billion euros ($1.37 billion), it said...