You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Romania's anti-trust body to look into takeover of Pram Maya's stores by Profi Rom Food

Romania's anti-trust body to look into takeover of Pram Maya's stores by Profi Rom Food Profi Rom Foods Author (Profi) License: all rights reserved.

BUCHAREST (Romania), November 12 (SeeNews) -  Romania's competition authority said on Tuesday that it will analyse the recent takeover of 18 stores of local retailer Pram Maya by Profi Rom Food.

"In order to determine if the concentration is compatible with a normal competitive environment, the competition authority will consider the notified transaction under the merger regulation," the Competition Council said in a statement.

Pram Maya was founded in 2009 by two Romanian entrepreneurs and has 271 employees.

Profi has almost 13,000 employees in stores in 500 locations. It is currently the retail chain with the biggest geographical footprint in Romania.

In November 2016 Mid Europa Partners, a private equity firm focused on Central and South Eastern Europe, bought Profi from Polish Enterprise Fund VI for 533 million euro ($651 million). Enterprise Fund VI bought Profi Rom Food, the company that operates the Profi chain, in 2009.

(1 euro =4.7619 lei)

Compare