Local retailer Succes, owned by the businessman Nicolae Sarcina, recently filed for insolvency.

The company which posted a EUR 350 million turnover in 2013 and has 1,600 employees, will receive the court decision on its insolvency request on January 27, reports local Ziarul Financiar.

Profi and Mega Image, two of the largest supermarket chains in Romania, are interested in taking over Succes stores. Belgian Mega Image is after the ten Succes stores in Bucharest, while Profi, owned by the Polish investment fund Enterprise Investors, wants to buy more Succes stores in Bucharest and in the rest of the country.

Succes’ owner Nicolae Sarcina is under investigation for tax evasion, according to the local media.

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