Delhaize to invest in Cora chain

Romania

Wednesday 28 March 2012

The Belgian group Delhaize will invest in Cora in Romania.

Belgian group Louis Delhaize SA plans to invest 120 million euros in Romania.

The management of Cora Romania announced that Delhaize Group, owner of the chain, plans to invest the sum this year.

Cora

Romania says that half of this investment will go towards new stores, in the newspaper Ziarul Financiar. The chain plans to open three stores this year, bringing its network to 11 units. The other half will be used to purchase land for its long-term expansion.

source : bloomberg com