Global Finance divests its stake of 90.21% in La Fourmi, a Romanian supermarket chain with 14 stores in Bucharest, to Mega Image, a Company owned by Belgian international food retailer Delhaize Group.
La Fourmi (www.lafourmi.com.ro)
La Fourmi was the first supermarket chain to open in Bucharest in 1992. La Fourmi has 14 stores, which have a size of 350 to 500 square meters and are located in residential areas in Bucharest.
Global Finance acquired an 80% stake in La Fourmi in September 20005 and raised its stake in the Company in August 2006 to its current level of 90.21%.
Charles Maalouf, the founder of La Fourmi and holder of a 9.79% stake in the Company also sold his stake in the same transaction.
Global Finance (www.globalfinance.gr)
Global Finance, a private equity firm founded in 1991, pioneered private equity in South-eastern Europe and has established an exceptional investment track record. With offices in Bucharest, Sofia, Belgrade and Athens and 50 employees Global Finance manages over USD 1.2 billion in funds targeting private equity and real estate investments in South-eastern Europe.
01/04/2008
Central & Eastern Europe, Exit, Private Equity News, Retail Industry, Romania