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Greek utility company Public Power Corporation (PPC) is reportedly in negotiations to acquire the Romanian electro-IT retailer Flanco. The potential acquisition would mark a further expansion for the Greek energy group within the Romanian market.
PPC has been actively increasing its presence in Romania over the past several years. In 2023, the company completed the acquisition of Enel’s operations in the country, which included significant assets in renewable energy, distribution, and supply. The reported interest in Flanco suggests a strategic move to diversify its portfolio beyond energy services and into the retail sector.
Flanco is one of the largest electronics and appliance retailers in Romania, operating a nationwide network of physical stores and an online platform. Neither PPC nor the representatives of Flanco have issued an official statement confirming the status of the discussions or the potential financial terms of a deal.
Article and image source: www.romania-insider.com
