PPC Group Acquires Retailer Flanco in Romania

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Flanco announces the signing of the acquisition agreement with Kotsovolos, part of the PPC Group, stating that through this transaction, Kotsovolos will accelerate its expansion strategy in South-Eastern Europe, with a focus on the Romanian market. The transaction is based on a company value (Enterprise Value) of 35 million euros, and its completion is estimated by the end of 2026 and is conditional on obtaining the necessary approvals from the …

Protothema

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Kotsovolos expands in Romania with 150 stores - Will finance the acquisition entirely from its own available funds, without the use of debt - Completion of the transaction is expected by the end of 2026

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Iulian Stanciu has reached an agreement to sell the Romanian retailer of electronics and household appliances Flanco to the Greek group PPC, announced the latter, which is one of the most important players on the Romanian energy market. The announcement comes after business man Iulian Stanciu, who controls 98% of Flanco, and ...

Biz Brasov

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The Greek PPC group confirmed the acquisition of the Romanian retailer Flanco, through its subsidiary Kotsovolos. The transaction aims to take full ownership of the company from the entrepreneur Iulian Stanciu and Dragoș Sîrbu, for a value of 35 million euros. Flanco operates a network of 150 shops in more than 100 cities in Romania, has about 1,200 [...]

Gândul

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The Greek PPC group, which took over the Enel operations in Romania three years ago, announced on Tuesday the signing of an agreement for the full acquisition of Flanco. The transaction, valued at 35 million euros, marks the entry of the energy giant into the Romanian electro-IT retail market. The acquisition will be carried out through Kotsovolos company, fully owned by [...]