Ahold Delhaize to buy Romanian retailer Profi for $1.4 billion

Ahold Delhaize has announced its acquisition of Romanian grocery retailer Profi for 1.3 billion euros, doubling its operations in Romania. The deal will be financed entirely through debt and is expected to close in 2024. Ahold Delhaize already owns the Mega Image supermarket chain in Romania, and the acquisition of Profi will...