The retail chain currently has 108 stores, compared to 82 at the end of 2010.

Musial added that the investment fund plan to list the company in Bucharest, Vienna or, most likely, Warsaw, in a few years.

All Profi stores were closed Monday and will be open Tuesday, for redecoration. The process costs between EUR100,000 and EUR200,000 for each unit.

The Profi network switches from a discounter concept to convenience stores’ format.

For this year, the company plans to open 30 new stores and close a maximum four units, which are considered non-profitable.

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