Kaufland increases capital by €57 mln

Discount hypermarket operator Kaufland Romania, part of the German Schwarz group, increased its share capital by RON 180 million (€56.8 million), up to RON 1.3 billion (€346 million), through cash inflow from stockholders.

The company has 31 hypermarkets in Romania and plans to open a further 7-8 stores this year. The average investment per store amounts to €7-8 million.

Kaufland Romania posted € 232 mln in sales and losses worth €11 mln last year, due to the expansion strategy.