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Local investor in green energy takes over French supermarket chain Interex in Romania

Romanian businessman Sorin Bonciu, active in the real estate and renewable energy sectors, has bought the French supermarket chain Interex in Romania, via two companies.

“Bomax Group took over, with the transaction value confidential, the supermarket chain Interex, owned by the French retailer with a turnover of EUR 40 million. The intention is to rent or sell them to a food or a Do-It-Yourself retailer,” said Laura Hantari, Bomax Group representative, quoted by local newspaper Ziarul Financiar.

With a turnover of just under EUR 40 million on the local market in 2011, the French supermarket chain Interex has decided to close down its 10 stores in Romania and exit the local market last year. Interex’ losses in Romania have been widening year-on-year, reaching the value of EUR 16 million in 2011.

The first Interex store in Romania was opened in 2002, in Ploiesti. The network is owned by French Groupement des Mousquetaires, which runs the Intermarche, Brico Marche and Netto stores.

Irina Popescu, irina.popescu@romania-insider.com

(photo source: porticoinv.com)