Casino group to invest a further zl. 1.6 billion by 2004
The French-owned Casino group today opens its 14th Géant hypermarket in
Poland - in Sosnowiec, and plans further sites totalling an investment of
zl. 5 billion by 2004. According to the group's president, Paul Nitschmann,
this means 24 Géant sites and 180 smaller supermarkets - Leader Price - 60
of which will be franchised. One third of the Leader Price stores should be
up and running by the end of this year. In 2001 alone, Casino's investments
in Poland will amount to zl. 455 million, with total investments in the
country so far at zl. 3.4 billion. Further investments in Poland are likely
to be financed by the issue of bonds, however, the company's French
headquarters are not expected to decide before 2003. (Puls Biznesu, p.4)
K.K.
