CORA - HUNGARY

Location:

Hungary

Project number:

31370

Business sector:

Agribusiness

Notice type:

Private

Environmental category:

B

Approval date:

17 Jun 2003

Status:

Completed

PSD disclosed:

16 Mar 2003

Project Description

The project will finance the sponsor’s strategic expansion in central and eastern Europe. The EBRD would provide financing to support further expansion in Hungary and the development of new hypermarkets in Romania and Serbia and Montenegro.

Transition Impact

The project will support further development of the Hungarian retail market in more regional areas. In Romania and in Serbia and Montenegro, the project will give customers access to the hypermarket format which to date has been limited. The project is also expected to increase efficiency and competition in the market and lead to positive developments among the suppliers.

The Client

Group Louis Delhaize S.A. and their real estate companies in central Europe.

EBRD Finance

Long-term syndicated secured loans.

Project Cost

Total project cost for the three countries is approximately €320 million.

Environmental Impact

The project was screened B/0 requiring an analysis of the Company's corporate approach to environment, health and safety issues. Local environmental authorities are consulted prior to the construction of each new hypermarket and all hypermarkets conform to local environment, health and safety requirements and Louis Delhaize’s own standards which are based on French standards and best practice. The Company will be required to comply with relevant national and EU standards for environment, health and safety.

Technical Cooperation

A Technical Cooperation project to support local suppliers in the three countries.

Company Contact

Louis Delhaize S.A.
Jean-Bernard Hamel
Tel: +32 2 663 31 60
 

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

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.

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