Profi | Romania Feed

Supermarket and convenience store chain Profi ended 2023 with a turnover of RON12.9 billion, up 11% from 2022, but the advance is half the level reported in 2022 versus 2021.

Private equity fund Mid Europa Partners has mandated investment bank Citi to find a buyer for store network Profi, one of the biggest retailers locally by turnover (EUR2.4 billion last year) and network (over 1,600 stores), according to ZF sources.

Calin Costinas, deputy CEO of Profi, says the company will in 2022 slow down the pace of new unit openings, but step up the pace of existent unit refurbishment.

IMMOFINANZ, one of the most important companies active on the Romanian real estate market, announces the signing of a ten-year lease agreement with the retailer Profi. The contract applies to workspaces located on an area of over 4,000 square meters, equivalent to four floors of the Baneasa Airport Tower building.   “The deal comes on […]