Page 104 - bne IntelliNews Southeastern Europe Outlook 2025

30%.
Retail
Ahold Delhaize on December 4 announced that the Romanian regulatory authorities have approved the intended acquisition of 100% of Romanian grocery retailer Profi Rom Food (Profi) from MidEuropa.
As this was the last condition to be met, the parties shall now proceed to closing which is planned for early January 2025, the company announced. The €1.3bn deal was previously announced by the parties.
Romanian proximity store chain AuGust announced that it has entered into negotiations on the acquisition of the 87 Profi and Mega Image stores that the Dutch-Belgian Ahold Delhaize must sell as part of the transaction through which it acquired the Profi chain.
The company Pronto August already operates 11 proximity AuGust (‘taste’ in Romanian) stores in Bucharest.
Telecoms
Romania’s telecommunications operator Digi, controlled by local entrepreneur Zoltan Teszari, announced in a note to investors on August 2 that it has signed a €150mn purchase agreement with the British firm Lorca JVCO to buy Nowo Communications, the fourth largest mobile and landline telecommunications operator in Portugal.
Digi Communications announced on October 31 it has signed a memorandum of understanding (MoU) with Hellenic Telecommunications Organisation (OTE) and Vodafone Romania to proceed with the acquisition of OTE’s mobile subsidiary, Telekom Romania Mobile Communications (TKRM). This move follows local businessman Adrian Tomșa’s decision to withdraw from the initial transaction.
The acquisition represents the third restructuring of the TKRM divestment plan since OTE first announced last November that Tomșa would take over its Romanian mobile unit. Digi initially entered the transaction in May alongside Tomșa, who has now been replaced by Vodafone.
According to the MoU, Digi will acquire certain assets from TKRM, while Vodafone will indirectly assume OTE’s shares in the operator.
Construction materials
Romanian company DVI Production will begin the production of autoclaved aerated concrete (AAC) blocks under its brand Fortem in the factory that it developed in Iernut, Mures county, with a €35mn
104 SE Outlook 2025 www.intellinews.com