FRANCE/POLAND: Auchan to invest €621.6m in Poland
French retailer Auchan is to invest PlZ2.5bn (US$600.2m) in its Polish operations by 2008. Auchan has earmarked investment capital of PlZ500m for Poland each year, with between 15 and 20 new stores in the pipeline. The group has already invested PlZ2.7bn in Poland since 1998. The French group operates 15 of its own hypermarkets in Poland, as well as a further two hypermarkets in cooperation with its 50% partner Schiever.
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