PPC’s Kotsovolos agrees to acquire Romanian retailer Flanco

Bitget2026/11/03 08:05

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PPC's wholly owned subsidiary Kotsovolos agreed to acquire 100% of Romanian electronics retailer Flanco at an enterprise value of €35 million.
Sellers Iulian Stanciu and Dragos Sirbu hold 98% and 2%, respectively.
Kotsovolos will fund the purchase entirely with existing cash; completion is expected by end-2026, subject to regulatory approvals and customary conditions.
Flanco, Romania's second-largest omnichannel technology and electrical goods retailer, operates 150 stores across more than 100 cities, generating €269 million annually.
The acquisition expands Kotsovolos in Southeastern Europe, with Flanco's stores supporting PPC Romania's energy solutions business.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Public Power Corporation SA published the original content used to generate this news brief on November 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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PPC’s Kotsovolos agrees to acquire Romanian retailer Flanco

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