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Empik continues its expansion plans

The group, which manages brands in such sectors as media, entertainment and fashion announced plans to open over 100 new outlets in 2009, which will include stores as well as language schools. The project is to be financed by credit obtained in August of zł.150 million and a another possible trench of a bond issue.

"We are estimating that by the end of the year our network will count 689 stores and language schools," said Maciej Dyjasm, president of the company which operates in Poland, Ukraine, Russia, Kazakchstan, and Germany.

In H1 of this year the group opened 70 new outlets at a price of zł.72.7 million.

Source: Puls Biznesu (A.K.)

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