Delhaize Belgian group, which owns Mega Image stores, has added38m euros to the capital of Romanian stores over the past sixmonths, with capital injections being operated by a groupsubsidiary registered in the Netherlands.
"The money is being used for expansion," Delhaize grouprepresentatives told ZF.
The capital increases were carried out in two stages, the first inJune, and then in December. Thus, in June the group increased theshare capital of Mega Image by 91.8m RON (21.1m euros) and towardthe yearend the shareholders brought another 64.5m RON (15.2meuros) in Romania, according to the information published in theOfficial Gazette.
Mega Image supermarket chain ranks second in Romania after Billa,with turnover worth 612.3m RON (145m euros) last year and is alsothe largest supermarket network in Bucharest. The company hasexpanded aggressively this year.
The retailer chose not to disclose its plans for next year, sayingthey would be made public in early 2011.
Last week, Mega Image took over two stores of Primăvara networkowned by businessman Ioan Avram, in a deal worth more than 1meuros.
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