Delhaize buys La Fourmi of Romania
Brussels, Belgium: Delhaize Group has acquired Romanian retailer La Fourmi for €18.6m (£14.7m). La Fourmi operates 14 supermarkets in Bucharest and had sales of €30m (£23.7m) last year. Delhaize said the 14 stores would be converted to its Mega Image fascia. "This acquisition strengthens our position in Romania and in particular Bucharest, a city in rapid expansion," said Renaud Cogels, CEO of Delhaize Group Southeastern Europe. The deal is expected to be completed later this year.
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