Mercadona approves investment of 400 million in Portugal

With 20 stores in Portugal, the chain closed last year with revenues of 186 million euros. It recorded operating losses of 83 million euros last year, an improvement of 13.5%, compared to a 96 million loss in the previous year.

At the beginning of the year, Mercadona approved an investment of 400 million euros to develop the Spanish chain's business in Portugal. It is a "long-term investment for different initiatives", says the chain's official source. This year, the injection of 150 million and the opening of nine supermarkets is planned.

"The 400 million euros relate to long-term investment for different initiatives such as the opening of new stores, among other structures. The 150 million euros announced are the investment for 2021", says the chain's official source.

With 20 stores in Portugal, the chain closed last year with revenues of 186 million euros, with the presentation of last year's accounts by Juan Roig emphasizing that stores in Portugal register on average 10% more sales than their Spanish counterparts.

"In any internationalization project, first you have to invest and create the project", summarizes the chain's official source in Portugal.