Schwarz Sustainable Retail Greece (EBRD-50060)

Countries
  • Greece
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 18, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
LIDL HELLAS AND SIA OE
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 46.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 40,000,000.00
Converted using 2018-07-19 exchange rate.
Project Cost (USD)
$ 349.46 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 330,000,000.00
Converted using 2018-07-19 exchange rate.
Corporate Actor Documents
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jan 31, 2019

Disclosed by Bank Jun 18, 2018


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Project Description

Provision of EUR 40 million senior loan to German retail chain, Schwarz Group (Schwarz, or the Group). The project aims to support energy efficiency improvements and refurbishment of selected Lidl supermarkets in Greece and also support the construction of three new green stores, promoting Lidl's green store concept and supporting the deployment of best available technologies for resource efficiency.

 

 

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors
Contact Information

Company Contact Information

Schwarz Dienstleistung KG, Sekretariat Finanzen
Stiftsbergstr. 1 D-74172 Neckarsulm Germany

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