Altex Romania is expanding its business in the DIY market by acquiring Bricostore, a significant step for the electro-IT retailer. This is Altex's first major transaction, which benefits from a loan of 21.5 million euros from the European Bank for Reconstruction and Development (EBRD), under an agreement with Raiffeisen Bank Romania. The transaction, valued at 70 million euros, includes 31 stores and distribution operations, marking the exit of the British group Kingfisher from the Romanian market. Altex, with over 130 stores in Romania, recorded a turnover of 7.01 billion lei in 2023, with a net profit of 145.85 million lei. Additionally, Altex has started to invest in electricity production through Altex Green Energy.
Sources
Altex se împrumută pentru achiziționarea Bricostore
BERD garanteză jumătate din creditul cu care Altex-ul lui Dan Ostahie cumpără Bricostore
BERD sprijină achiziţionarea Bricostore de către Altex
Altex România, liderul pieţei de retail electro-IT, a contractat un împrumut de 43 milioane euro de la Raiffeisen Bank, pentru achiziţionarea lanţului de bricolaj Bricostore. La finanţare participă şi BERD
ebrd
EBRD supports Altex Romania’s acquisition of leading DIY chain
Latest News
20:46
Bloomberg: Eastern European NATO member states propose to bear a larger share of the costs of American troops to discourage a reduction of their presence.
20:25
Finance ministers from Germany, Italy, Austria, Poland, Portugal, and Spain are calling for an EU-wide tax on oil companies.
20:04
The Colțești Fortress and the Thorotzkay-Rudnyanszky Manor in Rimetea have been restored with an investment of approximately two million euros.
19:39
Emmanuel Macron announced the sending of interceptor missiles to Ukraine, after the Russian attacks in Krivoi Rog.
19:14
Lando Norris secured pole position at the Dutch Grand Prix qualifying, followed by George Russell and Kimi Antonelli
See more news