CO-OP Hungary Zrt. raises capital

The CO-OP Hungary Zrt. focuses on its IT developments, therefore decided to raise capital at the company’s general meeting on Wednesday. At the event it was said that the COOP chain retains its market share successfully.

The CO-OP Hungary Zrt. raises capital – the company’s general assembly decided on Wednesday in Budapest. The source will be spent on the COOP Economic Group’s competitiveness investments, primarily on the development of the IT background system. Pekó László, Chairman of the Board of Directors of CO-OP Hungary Zrt., said that the new cloud-based system that utilizes business intelligence is already in place and hopefully in the near future will permanently replace the currently used system that has been installed about 15 years ago.