"In Romania, Auchan will take over the operational activities of 20 out of the 24 stores. The stores in Arad, Constanta Nord, Oradea, Bihor and Suceava Diocese will not be taken over by Auchan Groupe. Currently, real - Romania endeavors to find the right solution for each of these locations as quickly as possible, "a statement sent by Real to Mediafax reads.
The sale still awaits the approval of regulatory authorities and is expected to be completed in 2013. During the entire process, Real announced that it would continue its activity and its stores would operate on normal schedule.
Auchan Group announced Friday that it had bought from Metro Group the Real hypermarkets in Central and Eastern Europe, including those in Romania, for 1.1 billion euros.
The Real hypermarkets in Eastern Europe sale to Auchan Groupe targeted 91 Real hypermarkets in Poland, Russia, Romania and Ukraine, as well as 13 commercial galleries in Russia and Romania.
In these four countries, Real has made a turnover of over 2.6 billion euros without taxes in 2011, and has 20,000 employees. Auchan, in turn, owns 98 hypermarkets and more than 65,000 employees in these four countries.
The Auchan Group, controlled by the Mulliez family, owns 10 hypermarkets in Romania, with 3,300 employees according to information from the company's website. The number of Real stores on the Romanian market reached 24.
The transaction was expected on the retail market for several months.
Ranked twelve place in the worldwide group distribution chart, Auchan is present in 12 countries and has 269,000 employees. It is organized into five major divisions: hypermarkets (655 integrated stores and 23 in terms of management, associates and franchise), supermarkets (767 and 1665 integrated franchise or related) property division (Immochan), bank (Bank Oney Accord) and e-commerce, to which other activities and directions of growth are added.
In 2011, the Group's turnover was 44.4 billion euros excluding taxes, of which 55% was achieved outside France.
Real hypermarkets network is an entity of Metro Group. Under Real brand, Metro Group owned 316 hypermarkets in Germany, as well as 110 hypermarkets in Poland, Romania, Russia, Ukraine and Turkey. In 2011, Real had approximately 70,000 employees and recorded a turnover of 11.2 billion euros.
. real, - Hypermarket Romania was officially launched in March 2006 and operates 24 stores on the local market in 18 cities (four in Bucharest, two in Timisoara, Oradea and Constanta and one in Arad, Baia Mare, Satu Mare, Cluj-Napoca, Deva, Sibiu Targu Mures, Brasov, Suceava, Bacau, Galati Ploiesti, Pitesti and Craiova). Real stores network - sells about 70,000 food and non-food products sourced from over 1,700 suppliers, of which 90% are from Romania.
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