June 13, 2018 / 9:33 AM / 7 days ago

BRIEF-LPP Plans 2.2 Bln Zloty Investment Till 2021, Further Expansion

June 13 (Reuters) - LPP SA:

* SAYS IN A STATEMENT IT ESTIMATES INVESTMENT OF 1.5 BLN ZLOTYS IN NETWORK OF SHOPS TILL 2021 AND 3.5 BLN ZLOTYS TILL 2025

* ESTIMATES TOTAL INVESTMENT TILL 2021 OF 2.2 BLN ZLOTYS INCLUDING 300 MILLION ZLOTYS FOR ITS HEADQUARTERS AND 400 MILLION ZLOTYS FOR DISTRIBUTION

* CEO MAREK PIECHOCKI SAYS INVESTMENT WILL ALLOW FURTHER DEVELOPMENT AS COMPANY WANTS TO ENTER AT LEAST ONE NEW MARKET EACH YEAR

* CO PLANS TO OPEN NEW SHOPS IN FINLAND AND BOSNIA AND HERZEGOVINA IN 2019

Further company coverage: (Gdynia Newsroom)

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