Cora | Romania Feed

The Competition Council approved Carrefour’s acquisition of retailer Cora’s operations in Romania. The deal should therefore be completed in the next few weeks, Carrefour officials announced.

EY assisted the Carrefour Group in the signing of the agreement with Louis Delhaize Group to buy the latter’s Romanian business, which includes 10 Cora hypermarkets and 8 Cora Urban stores, along with almost 2,400 employees.

French-held Carrefour Group has officially confirmed the acquisition of rival Cora’s stores in Romania, a deal ZF first reported about on Tuesday. The deal includes ten hypermarkets and eight Cora Urban convenience stores.

Cora retailer, the smallest player in the local food retail field by the number of stores and turnover, is remodeling its hypermarkets of Bucharest and one of Constanta, downsizing them and reconfiguring product ranges in what seems to be a first major move on the segment of large stores.