Project description
and objectives:
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The project aims to expand Billa’s retail operations in Ukraine, Bulgaria and Romania by providing long-term debt financing. Proceeds would be used to finance construction and operation of the supermarkets in three countries over the next 3-4 years.
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Transition impact:
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The project will support development of a modern food retail industry in the region by expanding a high quality and high standard chain of supermarkets. The project is expected to increase efficiency and competition in the market and lead to positive developments in the supply chain, including the development of know-how skills.
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The client:
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Billa Ukraine
Billa Invest Construct SRL, Romania
Billa Nedvishimosti EOOD, Bulgaria
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EBRD finance:
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Long-term loans to the clients for the total amount of €45 million.
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Total project cost:
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Total project cost for three countries is €202 million.
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Environmental impact:
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The Project was screened B/0 requiring an environmental analysis of Billa’s corporate environment, health and safety policy and procedures. Environmental due diligence on Billa revealed the following:
- Billa follows the general environmental policies of Rewe Germany. These cover a number of areas including environmental management systems, environmental issues in the supply chain and the promotion of organic products;
- Billa complies with national requirements for environment, health and safety in whichever country it operates;
- The siting and construction of stores is preceded by an environmental impact assessment in accordance with national law.
- Billa does not utilise harmful materials (e.g. asbestos, formaldehyde) in the construction of its stores and incorporates energy efficiency aspects into the design of its stores;
- Billa also undertakes a number of more proactive steps including the recycling of wastes.
- Billa will comply with environmental standards in line with the Bank's Environmental Policy.
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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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Billa Bulgaria, Mr Spassov (CEO) Tel: +35 92 9174010
Billa Ukraine, Mr Klingan (CEO) Tel: +38 05 03105192
Billa Romania, Mr Petschnikar (CEO) Tel: +40 744 670229
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EBRD contact:
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Felix Potishman, Operation Leader: potishmf@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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