Bucharest’s biggest supermarket chain, worth 45m euros

Mega Image and La Fourmi supermarkets, owned by Belgium’s Delhaize group, were worth 45m euros in late 2008, becoming Bucharest’s biggest network following their merger. According to the assessment conducted by CMF Consulting and presented in the merger project recently published by the Belgian retailer, Mega Image at the end of 2008 had a market value of 126.4m RON (34.3m euros), while La Fourmi was worth 42.2m RON (11.4m euros). Additionally, another four retail firms having a joint shareholding structure with La Fourmi had a cumulated value of above 4m RON (around 1m euros). At the end of last year, Delhaize operated 40 stores in Romania, of which 37 in Bucharest, through which it generated turnover worth 130m euros, taking into account the growth pace reported for the Romanian subsidiaries.