The four PIC hypermarkets Sarcina planed to buy are located in Pitesti, Craiova, Oradea and Calarasi and are valued at EUR5 million, EUR3.1 million, EUR4.56 million and EUR4 million, respectively.
PwC also put up for sale a 78,900 square meter plot of land near Ploiesti, valued at EUR1.9 million, and a 17,100-sqm hypermarket in Braila, valued at EUR3.9 million.
PIC, owned by Ilie and Cornel Penescu, entered insolvency in 2009 and is administered by PwC. According to the reorganization plan, Sarcina wanted to buy four supermarkets that were to be reopened under the Succes brand.
According to PwC representatives, the deal fell through. Investors interested in the assets have until April 30 to submit bids.
Company Succes Nic Com, owned by Sarcina, owns two hypermarkets and some 170 supermarkets and minimarkets countrywide.