EBRD grants Louis Delhaize EUR 210 million loan to expand hypermarkets network in Romania

EBRD has granted a EUR 210 million syndicated loan to European retailer Louis Delhaize to finance the company’s investment program in Romania. With the support of the EBRD financing, Louis Delhaize will build up to 17 large and medium-sized hypermarkets in Bucharest and regional towns of Romania. The project will help the development of the modern retail format outside the capital. In addition new Cora stores will showcase the successful implementation of international best practice sustainable energy solutions in retail buildings.

The facility includes a portion of up to EUR 140 million for the EBRD’s own account, and a portion of up to EUR 70 million syndicated to ING and Rabobank.

Belgium-based Louis Delhaize operates hundreds of hypermarkets, supermarkets, convenience stores, garden centres and pet shops in France, Belgium, Luxembourg, Romania, Hungary and the United Kingdom.

Louis Delhaize has been present in Romania since 2003, where it currently operates eight hypermarkets under its Cora brand.

Overall since the beginning of its operations in Romania, the EBRD has committed over EUR 5.4 billion to various sectors of the country’s economy.

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