Romanian entrepreneur Dan Ostahie, founder of electronics and IT retailer Altex, has acquired the former Modul Shopping Center in Târgoviște, according to Economedia.
Following the deal, Ostahie now controls 97.74% of the shopping center’s shares. The company previously reported revenues of around RON 3 million and a profit of RON 2.1 million.
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After the acquisition, Modul Shopping Center was dissolved, with its assets transferred to Altex Romania.
The shopping center currently hosts Altex and Brico Depot stores, both now owned by Dan Ostahie. The property offers a gross leasable area of 6,550 square meters, with the DIY store occupying approximately 5,300 square meters.
The move follows Ostahie’s acquisition of Brico Dépôt Romania at the end of 2024, further strengthening his footprint in both electronics and home improvement retail.
Photo: Gândul
