DISCO EMBARKS ON EXPANSION

BUENOS AIRES, Argentina -- Disco, a 52-unit supermarket chain based here, plans to allocate $145 million (U.S.) to capital expenditures over the next two years to open 17 new stores and to renovate and expand nine stores.program will be financed in part by the $67.6 million the company raised in a public offering in April, according to Disco. Some of the funds from the offering will also be used to

BUENOS AIRES, Argentina -- Disco, a 52-unit supermarket chain based here, plans to allocate $145 million (U.S.) to capital expenditures over the next two years to open 17 new stores and to renovate and expand nine stores.

program will be financed in part by the $67.6 million the company raised in a public offering in April, according to Disco. Some of the funds from the offering will also be used to repay certain outstanding short-term debts.

Of Disco's 52 stores, 39 operate u

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