Ten former Angst stores were reopened as Mega Image supermarkets and eight as Shop&Go convenience stores. A 19th store was integrated as an extension of an existing Mega Image supermarket.
Mega Image now owns a 392-store network.
Early August 2014, Mega Image said it had reached an agreement for the acquisition of 20 out of 22 stores operated by Angst, which was pending the antitrust watchdog approval. The company also said at the time that it expected the new units to generate revenue of EUR21 million per year.
The Competition Council cleared the deal in November, under certain conditions and allowed the takeover of 19 stores.
Angst group was established in 1990 and owns three plants, in Buftea, Sinaia, and Videle. Angst is 60% controlled by Sorin Minea, while Liudmila Minea and Bernadette Martha Maria Wyrsch-Angst own a 20% stake each.
Founded in 1995, Mega Image is the most extensive supermarket chain in Romania and operates under the brands Mega Image (190 stores), Shop&Go (200), AB COOL FOOD (1) and Mega Drive (1). Mega Image (190), Shop&Go (200), AB COOL FOOD (1) și Mega Drive (1).