This project is still under review by the EWS. Project information and/or project analysis may be incomplete.
Schwarz Rural Regions - Kaufland Poland (EBRD-41494)

  • Poland
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Sep 29, 2010
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ EBRD website

Disclosed by Bank Aug 24, 2010

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
PROJECT DESCRIPTION The EBRD is considering providing loans of up to EUR200 million in aggregate to the Schwarz Group's Kaufland operations in Poland and Bulgaria and Lidl operations in Bulgaria and Romania. The proceeds will be used to finance the expansion and entry, respectively, of the two discount formats in these countries. The project will primarily finance Lidl and Kaufland stores in the more remote / rural store locations of the countries. The project is the fourth in regional co-operation to finance the Schwarz Group's strategic expansion. TRANSITION IMPACT The proposed project will bring new formats of modern retail and the convenience of discounter shopping to large portions of the Polish, Romanian and Bulgarian population in the more remote and rural regions. Procurement of products locally will generate strong backward linkages and encourage local producers to process according to best business practice. The project will also benefit the countries through advanced logistic systems and infrastructure as well as energy efficient construction techniques, that are closely correlated to the group's store rollout plans. THE CLIENT Kaufland Bulgaria EOOD and Lidl Bulgaria EOOD, companies organised and existing under the laws of Bulgaria, Lidl Romania s.r.l., a company organised and existing under the laws of Romania and Kaufland Polska Markety Sp.z.o.o., a company organised and existing under the laws of Poland. EBRD FINANCE Up to EUR300 million long-term loan (including syndication) to partially finance the further expansion of Kaufland in Bulgaria and Poland and the entry of Lidl in Romania and Bulgaria. PROJECT COST EUR440 million ENVIRONMENTAL IMPACT This project was categorised B under the EBRD's Environmental and Social Policy 2008. Due diligence is being focused on Kaufland and Lidl's capacity and systems to manage environment, health, safety and labour issues in the development and operation of stores. The Bank has existing loans with Kaufland in Bulgaria and Poland and has received satisfactory reporting on environment and social matters to date. Under the proposed project Kaufland and Lidl will be required to comply with the Bank's Environmental and Social Policy 2008 Performance Requirements applicable to the project (specifically PRs 1-8 and 10). The Bank will monitor the Companies' environmental and social performance for the lifetime of the loan through annual environmental and social reporting and via periodic site visits. The Companies will be required to immediately notify the Bank of any incidents or accidents likely to have an effect on the environment or worker and public safety. TECHNICAL COOPERATION None. COMPANY CONTACT Schwarz Finanz und Beteiligungs GmbH & Co. KGSekretariat FinanzenStiftsbergstr. 1D-74172 NeckarsulmGermany
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at or you can submit a complaint online using an online form, You can learn more about the PCM and how to file a complaint at

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