18 August 18:06
Ahold Delhaize will sell 87 stores to Annabella in order to get approval for its acquisition of the Profi chain, following a decision by the Competition Council.
Andreea Lificiu
Current Affairs
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Ahold Delhaize, which owns Mega Image, has decided to sell 87 stores to Romanian chain Annabella as part of the conditions imposed by the Competition Council for the €1.3 billion takeover of the Profi network. Annabella, a major player in Romanian food retail, will integrate these stores under its own brand, thus strengthening its market presence. The transaction, which includes 82 Profi stores and 5 Mega Image stores, is expected to be finalized by the end of 2025. Annabella reported business growth of 13% in 2024, with a network of over 100 supermarkets.
Sources
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