EBRD approves EUR 100 mln loan to Kaufland

Newsroom 11/09/2007 | 15:46

The company targets small Romanian cities.
The loan to Kaufland follows an extensive due-diligence process of the company's practices, including compliance with labor laws in several countries of operation. The bank will continue to draw on independent experts to monitor compliance with all obligations.
The EBRD's purpose is to help upcoming regions in the country, customers and producers in Romania who are expected to be affected from increased competition, said Gilles Mettetal, EBRD director for agribusiness.
The bank is also cooperating with Kaufland in Poland and is looking forward to repeating this success in Romania over the coming years, Mettetal added.
It has committed EUR 4.4 billion to 314 projects across Central and Eastern Europe in the agribusiness sector alone.

Andreea Marinas

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