Project description
and objectives:
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Financing to support the expansion of Getro's retail operations. The project
objectives are to expand the company’s existing operations in Croatia.
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Transition impact:
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The project benefits Getro’s suppliers by offering reliable market outlets to
farmers and local agro-processing enterprises. It has led to improved quality
and diversity of products offered to consumers in Croatia and neighbouring
countries. Finally, it promoted improved corporate governance, market
transparency and competition within the retail sector.
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The client:
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Getro d.o.o. is a leading operator of large format cash and carry / discount
stores in Croatia.
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EBRD finance:
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Senior secured loan for the total amount of €55.82 million to consist of A
Loan for the total amount of €28.82 and B Loan for the total amount of € 27
million. Preferred equity investment for the total amount of € 9 million.
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Total project cost:
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Up to €67.82 million.
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Environmental impact:
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The project was screened B/1, requiring an environmental analysis of impacts
associated with the construction and operation of new stores and an
environmental audit of existing facilities. Due diligence undertaken on the
original project along with monitoring reports confirm that Company has a well
developed awareness of environment, health and safety and a number of programs
in place to address those issues. The Company is confirmed as complying with
applicable national and EU environment, health, safety and labour standards.
Further analysis will be conducted by the Bank’s environmental specialists as
part of the on-going monitoring of the Project.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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EBRD contact:
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Vedrana Jelusic, Operation Leader: jelusicv@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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