Hornbach Invests 30 Million Euros in a New Store in Romania

Hornbach Holding AG (HBH3), a building materials and garden supplies retailer, is investing about 30 million euros ($38 million) in a new store in Romania.

The Neustadt an der Weinstrasse, Germany-based retailer, plans to open its fifth store in the city of Timisoara and may expand in other cities, including Cluj-Napoca, Constanta or Iasi, Hornbach said in an e-mailed statement today.

The company has invested 148 million euros in Romania in the last five years, Hornbach said.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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