date:Feb 18, 2014
Media reports in Germany have stated that hypermarket chain Kaufland is preparing to expand its operations into the Serbian market.
Kaufland, owned by Germany's third-richest person, Dieter Schwarz, is in the process of setting up a regional subsidiary in Serbia as a step towards its expansion to the country, Lebensmittel Zeitung reported last week, without disclosing its sources.
Kaufland officials declined to comment when contacted by the German retail trade magazine.
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