German retailer Edeka has outlined its plans to spend EUR1bn (US$1.3bn) expansion.

In 2012 the company, which operates a co-operative section, hopes to add 200 stores and modernise existing sites.

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“Our core business is operated by independent retailers. It provides the model for success, with potential in the food retail trade,” chief executive Markus Mosa said.

Details about the investment will be announced at the EXPO REAL 2011 trade fair in Munich next week.

In 2010 the company achieved sales of EUR43.5 and has approximately 12,000 stores.

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