Cometex gets RON 125 million in capital to finance new developments

18 April 2023

Altex, the leader of the local electro-IT trade, announces a capital increase of over RON 125 million for Cometex, the real estate division of the group. Following the operation, the share capital of Cometex increases by RON 7.3 million, from RON 24.5 million to RON 31.9 million.

The financing is based on the long-term strategy of the Altex company to optimize operating costs and to develop new store formats with an extended commercial area, from the current 1,000-1,500 sqm to areas of 2,500-3,000 sqm.

Also, the Altex officials said that all the newly built stores through Cometex, will have the same standard and will include, from the project phase, photovoltaic panel systems, LED lights, digital displays and charging stations charging for electric cars.

Example banner for displaying an ad. It can be higher.