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Leroy Merlin increases capital by 14.5m euros

Autor: Cristi Moga

04.04.2011, 23:51 42

DIY retailer Leroy Merlin, held by French Mulliez family,increased the share capital of the local subsidiary, Leroy MerlinBricolaj, by 14.5 million euros to 80.6 million lei (19 millioneuros) in mid March, with the company preparing for the opening ofits first store on the Romanian market, in Bucharest.

The structure of the Leroy Merlin store, which is set to openin September this year, has been erected, with the store to belocated on Şoseaua Chitila in Bucharest, within Colosseum retailpark developed by Nova Group.

"The share capital was increased in order to allow theacquisition of systems necessary for the store in Bucharest. We arefocusing on this store in view of the September opening," saidCristian Petrescu, the Romanian appointed to coordinate thedevelopment of the French network on the Romanian market, afterworking for Praktiker for several years.

Leroy Merlin has placed ads on recruitment websites, seeking tohire 50 to 100 for the Chitila store, next to which there will alsoopen a Carrefour hypermarket, as well as Altex and Flancostores.

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