Dedeman Bacau (east), a company operating a distribution network of construction materials and a furniture factory, increased its share capital from 4.1 million euros to 9. 7 million euros by incorporating reserves, ACT Media news agency reports.

"The rise in the share capital was made from reasons of fiscal planning", said the company's director general, who added that Dedeman is involved in several projects for which it needs crediting.

Recently, Dedeman raised a loan of 15 million euros for extending its shop chain and for its current operations.

After last year the company posted a 60% rise in turnover, which amounted to 70.5 million euros, the owners of Dedeman announced they intend to build two shopping malls in Focsani (east) and Targoviste (south) and also a car showroom.

The investments announced in the two shopping malls amount to 10 million euros.

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