Bloomberg News

Delhaize to Invest $160 Million in Romania Chain, ZF Says

March 27, 2012

Louis Delhaize SA, the Belgian retailer which owns the Cora hypermarket chain, plans to invest 120 million euros ($160 million) in Romania this year, Ziarul Financiar reported today, citing Philippe Lejeune, who heads Cora Romania.

Cora plans to invest half of the money in new stores, as it seeks to open three stores this year to reach 11 units in the eastern European country, and half to buy land for its medium- and long-term expansion, Lejeune was quoted saying by the Bucharest-based newspaper.

To contact the reporter on this story: Irina Savu in Bucharest at isavu@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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