Translated version of this PSD: Russian
The EBRD is considering providing a loan of up to €80 million to finance Metro’s expansion in Kazakhstan. The loan proceeds will be used to finance roll out of up to 15 cash & carry stores throughout Kazakhstan. Any transaction will be subject to approval by the management and boards of all parties, and to the negotiation and execution of appropriate legal documentation.
The proposed project will bring new formats of modern retail and the convenience of cash and carry shopping to the residents of Kazakhstan, including in remote cities in Kazakhstan. Procurement of products locally will generate strong backward linkages and encourage local producers to process according to the best business practice. Additionally, Metro intends to introduce successful support programme for small retail shops and provide free-of-charge advisory services and training in the areas of store layout, product assortment as well as marketing and promotion activities. Both Metro and participants of this programme will highly benefit from this programme as envisaged by successful implementation of this programme in other Eastern European and CIS countries.
WRE LLP and Metro Cash & Carry LLP Kazakhstan, the limited liability partnerships, incorporated under the laws of the Republic of Kazakhstan and 100% indirectly owned by Metro AG.
Metro AG is the fourth largest retailer in the world and one of the biggest retail operators in the EBRD countries of operation.
Up to €80.0 million long-term loan to partially finance further expansion of Metro’s operations in Kazakhstan.
Screened B. The Project was categorised B according to the EBRD’s Environmental and Social Policy 2008. The potential adverse future environmental and social impacts associated with the Project are site-specific and readily addressed through mitigation measures.
Due diligence is still ongoing, following completion an Environmental and Social Action Plan (ESAP) will be developed and agreed with the Company prior to Board submission to ensure the Company's compliance with the Bank’s Performance Requirements.
The Bank will monitor the Company's environmental and social performance for the lifetime of the project through annual environmental and social reporting and via periodic site visits. The Company 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.
Tel : +7 (727) 232 12 39
"Saina, 16B (Саина 16В), Almaty, Kazakhstan”
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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