Polish trading company Emperia will put 95 properties on sale shortly, with the first sales offers expected in the coming weeks. The book value of these properties is more than zł.350 million.
“I think that their market value is close to this amount, so their sale should not have a significant impact on the company's net results — only its cash situation,” said Artur Kawa, Emperia's president, Parkiet reported.
The first half of the year was not a successful period for Emperia. Mr Kawa said that results should improve in the coming quarters.
After the company decided not to abandon its retail division, it focused on developing its Stokrotka chain of grocery stores.
This year, it expects to open around 10 new locations. Thereafter, it wants to open as many as 15-20 per year.
From Warsaw Business Journal
Retail sales unexpectedly inch lower in April
Czerwona Torebka takes over Merlin.pl
Retail sales up only slightly in March, at 0.1%
Polish retail sales up only slightly in March
Retail sales down 0.8% y/y
Is Poland's ruling party finished?
BY Remi Adekoya
Migration and remittances in the euro zone periphery
BY Stratfor Global Intelligence