An equity investment of EUR 30m in favour of VELKA PECKA s.r.o. (the "company"), the leading online grocery retailer in the Czech Republic operating under the local brand name Rohlik.
The Bank's investment is a purchase of shares in the company which is part of a ca. EUR 185m fundraising round to support scaling-up of its existing operations in Hungary, Austria, and its international expansion to Romania, Germany and potentially other countries where the EBRD operates. The company provided the Bank with a commitment to invest in Hungary, Romania and other EBRD countries of operations.
ETI score: 71
The expected Transition Impact will stem from the "competitive" and "inclusive" qualities.
Competitive: The project will support the company's expansion in EBRD countries of operations, allowing it to replicate its successful business model and reach economies of scale in targeted cities leading to material operating efficiency improvements above prevailing international standards for the industry, as well as expansion of the network of organic farmers in Hungary and Romania.
Inclusive: The company will introduce internal trainings in partnership with local education providers for more than 600 young people in Romania and Hungary.
VELKA PECKA SRO
Founded in 2014 in the Czech Republic, Rohlik is the European leader of e-grocery in Central Europe and already active in the Czech Republic (Rohlik.cz), Hungary (Kifli.hu) and Austria (Gurkerl.at). By owning its end-to-end operations, including all technology in-house, Rohlik provides a superior customer experience and the freshest food from local farmers and artisans as well as a broad supermarket selection.
For more information visit www.rohlik.group
EBRD Finance Summary
Total Project Cost
The Bank's equity financing is additional as the issue is a relatively sizeable capital raise. Non-financial additionality stems from the company's commitment to target gender parity in STEM and managerial roles.
Environmental and Social Summary
Categorised B (ESP 2019). The environmental and social (E&S) issues associated with online retailing are limited and focused on occupational health and safety, emissions from vehicles, packaging and waste management and supply chain management. The Company has in place a number of initiatives to address some of these key issues including the development of more organic production within supplier farms, and use of more recycled and recyclable packaging. The positive environmental and social benefits of these are recognised. The Bank agreed with the Company actions to ensure that appropriate E&S staffing capacity is put in place and that formalised management systems are instituted to allow prioritisation of key E&S issues, setting of KPIs, monitoring of actions and reporting on achievements. These actions are outlined in the Environmental and Social Action Plan agreed with the Company.
Company Contact Information
VELKÁ PECKA s.r.o.
Sokolovská 100/94, Karlín, 186 00 Praha
PSD last updated
15 Mar 2021
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