REWE pumps another EUR 79.7 million into the Penny network in Romania

9 March 2023

The German retailer REWE, the group that operates the Penny discount store chain locally, injected over EUR 79.7 million into the share capital of the Romanian company in January. With the plan to open 35-40 new Penny stores this year, the German retailer REWE sent to Romania, through two successive capital increases, in January and December, approximately EUR 159.1 million.

The chain already has 338 units nationwide, after a 2022 in which it remodeled 81 stores, completing the modernization process of all older stores and added another 36 units to the network.

The retailer will also invest this year in installing solar panels on part of its stores and warehouses.

Source: Economica.net

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