Auchan completes acquisition 20 Romanian Real hypermarkets
The deal was approved by the Competition Council at the end of July.
Following this takeover, Auchan Romania reaches a network of 31 stores in Romania with a total sales area of 252,000 sqm and, 3 logistical platforms, over 10,000 employees and 70 million customers. The combined turnover of the two networks amounts to over RON 4.5 billion (excluding taxes) or about EUR 1 billion.
At the end of November 2012, Group Auchan announced it had taken over 91 Real hypermarkets in Poland, Russia, Romania and Ukraine and 13 shopping mall locations in Russia and Romania for a total EUR 1.1 billion. In these four countries, Real reported in 2011 sales of more than EUR 2.6 billion and has around 20,000 employees. Auchan already operated 98 hypermarkets and has a workforce of more than 65,000 employees in Poland, Russia, Romania and Ukraine at that time.
In 2012, Auchan Group reported a turnover of EUR 60.2 billion, taxes included, and 2 billion customers.
Source: balkans.com
