Price paid by Profi for Albinuta network:

Profi retailer, which is a part of French group Louis Delhaize, paid around 7.5 million euros (25.2 million RON) to the Lithuanian-based Maxima LT for taking over the Albinuta store network, according to data from the Official Gazette. The transaction was conducted in July last year, but the parties involved did not specify the value of the transaction at the time. Caius Crisan, general manager of Profi Rom Food, Profi’s operator, told ZF that the sum paid for the takeover of Albinuta stores contained both the value of the network’s sales, and other elements, among which liquidity resulting from real estate transactions. Another participant in the race for taking over the Albinuta network (which includes 9 stores in the Capital), was Greek investment fund Global Finance, which currently operates the La Fourmi supermarket network. The offer submitted by the fund was close to that of the Profi retailer. Albinuta’s takeover took Profi’s business to over 100 million euros last year, around 26 million euros of which were sales generated by the purchased stores. This year, Profi Rom Food’s turnover could surpass 140 million euros, according to Caius Crisan’s estimates. In 2006, Profi Rom Food posted turnover worth 44.5 million euros, according to data reported by the company.