June 20 (Bloomberg) -- Hornbach Holding AG, 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 firstname.lastname@example.org
To contact the editor responsible for this story: James M. Gomez at email@example.com