Dedeman buying land in Romania

The construction materials and interior arrangement retailer Dedeman will pay €1.6m for a 20,000 sqm plot of land in Bistrita, northern Romania. The Romanian website Wall Street says it’s purchasing the land from the industrial fittings producer, Ario Bistrita, which went into insolvency, in a transaction due to take place on Oct. 5 this year. Dedeman operates 24 stores open in Romania, but its expansion plan calls for a network of 45 outlets by 2015.
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