Discount retailer Lidl is understood to be investing EUR100m (US$134.4m) in its Finland operations.

The hard discounter is said to have revealed plans to make the investment in its Finnish operations next year, as it looks to capitalise on its growth in the country, according to local business daily Kauppalehti.

A spokesperson for the retailer, however, declined to comment on the report when contacted by just-food.

"Please understand that we are currently not in a position to confirm this information as the investment plans for our Finnish operations for next year are not yet completed."

Lidl opened its first stores in Finland in 2002 and now operates 141 throughout the country in regions including Forssa, Iisalmi, Jyvaskyla and Kaarina.