Original disclosure @ EIB website
Updated in EWS Feb 17, 2018
Disclosed by Bank Aug 31, 2016
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According to EIB website, this project will have three (3) major components:
(i) opening of new stores of different size, refurbishment of existing stores, new warehouses and distribution logistics centres;
(ii) RDI plan in the field of food products/ processing and e-commerce/IT solutions for the retail sector;
(iii) investments by the promoter in resource and energy efficiency for its retail sites, warehouses and food processing.
It will support the promoter's strategy to increase competitiveness of its business through expansion, innovation and resource/energy efficiency implemented in three of its core markets (Croatia, Slovenia and Serbia). The project will have positive social and environmental impacts in terms of employment creation and resource efficiency. The RDI component will lead to innovation applied to the food and retail sectors.
In addition, full environmental details will be verified during the project's due diligence. The impacts to the environment and on the sites of nature conservation are expected to be minor. The investments in resource and energy efficiency are expected to result in environmental benefits.
No contact information provided at the time of disclosure.
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