Co-operative retail group Edeka aims to invest E1.6bn (£1.35bn) in the modernisation and extension of its store network and retail infrastructure, said chief executive Markus Mosa. The investment is a 10% increase on 2012.

In 2012 Edeka posted sales of E44.8bn (£37.73bn), up 3.8% on the previous year. Its net income soared 19.7% to E168.6m (£142m).

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