The loan will be discussed by EBRD management on October 11.
The project’s overall value reached EUR397 million.
“The expansion of the Cora hypermarket chain in Romania (mostly in regional cities) is expected to generate strong linkages with local suppliers, thus providing the latter with new commercial opportunities with a reliable counterparty. The Project will also showcase the successful implementation of advanced sustainable energy solutions in retail building,” the bank noted.
Belgian group Louis Delhaize is a foods and consumer goods retailer active mainly in France, Belgium, Luxemburg, Great Britain, Romania and Hungary.
In Romania, the group operates under the Cora brand, which currently holds seven stores. This year, the company plans to open an eighth store.
The Louis Delhaize has been active in Romania since 2003.