The retailer will open a new store, of 1,500 square meters, in Brasov, in October 2021, which will be the fourth unit of the MAMBricolaj store chain. The new store will engulf as much as RON6.9 million. The retailer seeks to open its fifth unit in the first half of 2022, in capital Bucharest or the city of Iasi.
The company has been listed on the AeRO market of the Bucharest Stock Exchange since January 2021. On August 30, MAM shares traded at RON11.34 per share, ensuring the company a stock market capitalization of over RON95 million.
MAMBricolaj’s client base grew 32% to over 73,000 buyers in the first six months of 2021.
The company will start the share capital increase process, in the coming period, by cash contribution, in order to continue the investments planned, in particular for the store in Brasov and the opening of a new unit, in the first half of 2022, in Iasi or Bucharest.