Cora buys industrial platform to build store in Brasov
Hidromecanica has been privatized twice so far. In 2001 it was bought by a local firm Alexandre & Co SRL from Brasov, but ended up in failure, so it was sold in 2005 to Romanian businessman Alexandru Garbacea, which used to hold 50.9 percent of the shares. Another major shareholder is SIF Transilvania, with 45.21 percent. Another former industrial platform in Brasov, Tractorul Brasov, will host an Auchan hypermarket in 2011.
Cora runs three stores in Bucharest and one in Cluj – Napoca. Another opening is scheduled for Craiova, within Adora Mall, and a second one in Drobeta Turnu Severin in 2011.