The fund is making an exit after seven years and after previous failed attempts at selling the network.

The deal is pending approval by competition authorities and is expected to be completed during 2024.

Profi has 1,650 stores and Mega Image around 1,000. In terms of turnover, the two posted RON20.3 billion in 2022. By comparison, Lidl last year generated RON18.5 billion turnover.

(English version by Catalina Apostoiu)