DIY retailer comes near Cora in Turnu Severin

Romania Hypermarché, the domestic subsidiary of Louis Delhaize
group with 399m-euro turnover in 2008 in Romania, bought the 35,000
square metre plot of land where it is set to build Cora hypermarket
of Drobeta Turnu Severin from a domestic private company, according
to the provided by the representatives of Drobeta Turnu Severin
city hall and by IBT ROM Construct, the company that will build the
hypermarket. Moreover, Romania Hypermarché representatives plan to
rent a part of this plot of land, which ZF values at around 3m
euros, to a DIY retailer whose name has not been disclosed. Romania
Hypermarché two days ago announced its intention to invest around
22m euros in the construction of a new Cora hypermarket in Drobeta
Turnu Severin, to be launched in 2011. This will be the sixth store
of the network and the third Cora hypermarket to be opened outside
Bucharest. Hypermarket construction works will start in several
months, according to Jerome Carrere, manager of IBT ROM
Construct.