Schwarz Rural Regions - Kaufland Poland

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 41494

Status Complete

Location

Poland

Business Sector

Food and Agribusiness

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 41494

Status Complete

Location

Poland

Business Sector

Food and Agribusiness

Notice Type

Private

Environmental Category

Approval Date

29 Sep 2010

Disclosure date

24 Aug 2010

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

The EBRD is considering providing loans of up to €200 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 €300 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

€440 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. KG
Sekretariat Finanzen
Stiftsbergstr. 1
D-74172 Neckarsulm
Germany

Transition impact

ETI Score:35

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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