Dino opened 320 new stores during the year. Thanks to the rapid expansion, the Polish chain already had 1622 stores at the end of June, which is slightly more than twice as many as German Lidl, which has about 770 stores in Poland.
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However, in terms of the number of stores, Dino still lags significantly behind Biedronka, which had 3,031 stores at the end of June. However, the Polish network is not slowing down and the Portuguese Biedronka may feel threatened.
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Dino is considering a bond issue, which could raise up to PLN 1 billion for the development of its network. The funds from the possible issue will be used to develop the network and distribution centers.
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See also: The European Commission wants penalties for Poland. Gowin: I believe that PiS will fly a white flag in the matter of the judiciary
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The total value to which Dino may issue bonds has been increased from PLN 500 million to PLN 1 billion. Such a decision was made this week by the company’s management board. The Management Board also announced that it makes the bond issue conditional on the conditions on the debt securities market.
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As we read in the weekly, if the list were to be made a few weeks later, Solorz would have fallen to second place. The leader would be the owner of Dino, Tomasz Biernacki, who lost “only” PLN 100 million to the leader.
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Since June, however, Dino’s price has gone up significantly. When Dino went public in April 2017, one share of the company cost just over PLN 30, which gave the company value of less than PLN 3.5 billion. Currently, the company belongs to the WIG20 index, and one share costs PLN 340, which gives a capitalization of PLN 33.3 billion. At this price, the shares owned by Biernacki are worth PLN 17 billion.
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– I am glad that there are entrepreneurs like those who run the Dino company, which probably every Pole knows – said Prime Minister Mateusz Morawiecki in mid-August, who visited the company’s distribution center in Sieroniowice, in the Opolskie Voivodeship.
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