Businessman Dan Șucu, owner of Mobexpert group, has operated several capital increases for the stores of Berceni, Pantelimon and Militari totally worth 11.9m RON (2.8m euros), according to the Official Gazette data.
The operations were carried out through Mobexpert Holding, which Șucu controls.
“These stores are funded by the central office. If their capital is too low, they get money either in form of a loan, or under the form of a capital increase,” the businessman said.
Șucu explained that in the case of some fledgling stores, as for instance the one in Berceni, or for older ones that need money, he opted for capital increases.
In the past, such stores were financed through loans, but Șucu says that “the appetite for borrowing from banks has been low lately”, and this is why he resorted to alternatives.
In 2009, Mobexpert group, which besides 35 small and large stores includes furniture plants, reached 115m-euro turnover, and for 2010 initial estimates pointed to flat turnover. Outside Romania, Șucu has a store in Sofia.

Subiecte #dan sucu#furniture#mobexpert