ROMANIA: Auchan paid 216 million euros for Real hypermarkets | Progresiv

French group Auchan has paid a total of 216 million euros for 20 Real hypermarkets (183 million euros) and seven commercial centers located in Romania,  taken from the German group Metro, according to Auchan’s annual financial report.

The report also states that the value of tangible assets had increased by 552 million euros, the largest share being held by the acquisition of Real hypermarkets in Russia (506 million euros) and Romania (41 million euros).

At the end of 2012, the two international retailers have reached an agreement for the sale of the operations in Romania, Poland, Ukraine and Russia of the hypermarket division of Metro. In Romania, the transaction was finalised a year later, after the conditional agreement given by the Competition Council.

Auchan currently operates 32 hypermarkets in Romania and plans to open another one this year.