Konzum BiH


Bosnia and Herzegovina

Project number:


Business sector:


Notice type:


Environmental category:


Approval date:

21 Apr 2009



PSD disclosed:

20 Mar 2009

Project Description

The EBRD is considering making a loan of up to EUR 50 million to Bosnian retail company Konzum d.o.o to support the expansion of the company’s retail network in Bosnia and Herzegovina (BiH) and the financial restructuring of its balance sheet.

Transition Impact

The Bank’s financing will support the Company’s contribution to the BiH’s retail sector through development of modern retail formats. The Project improves the local food chain by strengthening the backward linkages with the local manufacturing companies as well as by a transfer of skills, particularly in the areas of efficient inventory management and an increase in the product quality, health and safety standards.

Moreover, the Project contributes to strengthening of the commercial and business relations between Croatia and BiH; as the Bank's participation is further ensuring at a country level that the client will be developing and investing in modern retail formats.

The Client

Konzum d.o.o. Sarajevo, a retailer in Bosnia & Herzegovina, fully owned by Konzum d.d. Croatia which is a subsidiary of Agrokor, the leading producer and distributor of food and beverage products and one of the leading retailers in the South Eastern Europe.

EBRD Finance

Up to EUR 50 million long-term guaranteed corporate loan to Konzum BiH. The Loan will comprise:

  • A loan of EUR 25 million for the account of the Bank; and
  • B loan of EUR 25 million for the account of participating banks


Project Cost

EUR 57 million.

Environmental Impact

This project was categorised B (2008 Policy) and due diligence focussed on the Company's capacity and systems to manage environment, health, safety and labour issues in the development and operation of stores. Given that the company is typically not involved in the construction of new stores most issues relate to the refurbishment of existing buildings. The Company meets the requirements of local planning regulations for its reconstruction activities. The Company does not allow the use of any hazardous materials in the construction of its stores and employs best design practice in terms of, for example, energy efficiency. An assessment of environmental impacts is part of the permitting process although the extent of this assessment will depend on the size and location of the facility. Facilities currently or will meet national and applicable EU standards for environment. Stores are also built to meet all occupational and public health and safety requirements and stores have emergency evacuation plans for life and fire safety. Finally, the operations of the Company are governed by the very comprehensive environment, health and safety management systems developed and implemented by the Agrokor Group which have been reviewed and approved by the Bank in the context of other operations.

Technical Cooperation


Company Contact

Ivan Crnjac
Executive Vice President for Strategy and M&A
Agrokor dd

tel: +385 1 4894 567
e-mail: ivan.crnjac@agrokor.hr
Website: www.agrokor.hr


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

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