Kaufland reduces its share capital in Romania by EUR 25 mln

According to an announcement made in the Official Gazette, Kaufland Romania has chosen to repatriate capital worth RON 110 million (EUR 25 million), in the context of an expansion slowdown.

Kaufland Romania’s capital will drop from RON 1.67 billion (EUR 376 million) to RON 1.56 billion (EUR 351 million). According to Mediafax, the retailer plans to open a total of five stores in Romania for this year.

The company posted a RON 7.99 billion (EUR 1.8 billion) turnover in 2014, being on an ascending path for the past years. Profits reached RON 409.73 million, also rising over previous years (RON 331.02 million profits in 2013). In 2014 the company reduced its employee number to 12,180 from 12,589 in 2013.

Kaufland’s share capital had increased yearly since 2005, when the retailer entered the Romanian market, and the capital repatriation is the first such move the company has made.

Natalia Martian

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