Billa Romania doubled its profit before the sale to Carrefour | Progresiv

Billa supermarket chain ended 2015 with a net profit of 5.18 million lei, up by approximately 120% compared to the previous year when the net result was 2.34 million lei. In terms of turnover, Billa ended last year with sales of 1.5 billion lei, up by 7% compared to the previous year, according to data published by the Ministry of Finance.

Last year, Billa opened only one store, in Bucharest, the group already being in advanced sale talks with French retailer Carrefour. The official announcement regarding the takeover of the 86 Billa supermarkets to Carrefour came by the end of 2015, the transaction being evaluated to approximately 100 million euros.

By value, this is the third largest transaction on the local retail market after Auchan-Real (the French took over 20 Real hypermarkets) and Lidl-Plus (part of the Schwarz group, the Germans from Lidl took over the 107 Plus stores).

At the moment, the transaction is pending for approval from the Competition Council, which will assess economic concentration in terms of its compatibility with a normal competitive environment, in accordance with the regulations regarding authorization of economic concentrations.