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Jerónimo Martins Invests Half Its Capex In Growing Its Polish Operation

Published on Mar 2 2018 11:59 AM in Retail tagged: Featured Post / Portugal / Pingo Doce / Jerónimo Martins / Ara / Paywall

Jerónimo Martins Invests Half Its Capex In Growing Its Polish Operation

Portuguese retail group Jerónimo Martins invested just under half (49%) of its total capital expenditure last year in its Polish operation, Biedronka.

Of the €724 million the retail group invested in its operations, the next highest beneficiary in percentage terms was Ara, its nascent operation in Colombia, which accounted for 23% of capital expenditure.

Some 14% was allocated to Pingo Doce, while 4% was allocated to Recheio, its Portuguese supermarket and wholesale operations respectively.

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