Translated version of this PSD: Romanian
The EBRD is considering a loan of up to RON 109.5 million to Profi Rom Food SRL (“Profi”), a leading food retailer based in Romania. The proceeds of the loan will be used, inter alia, to support the capex plan of the company related to expansion of Profi’s network of stores in Romania, including the recently launched format – Profi Loco – designed for rural areas.
The transition impact of the Project is expected to stem from expansion of modern retail operations into smaller towns of Romania and setting standards of corporate governance and business conduct, in particular with respect to potentially improving standards of energy efficiency in existing and new stores. The Bank will review the retailers’ operation in terms of value chain sustainability and an action plan will be discussed with the client.
Profi is a leading food retailer in Romania, owned by Polish Enterprise Fund VI, a private equity fund managed by Enterprise Investors.
RON 109.5 million co-financed with a local bank
RON 197.1 million
Environmental and social categorisation, impact, and mitigation
The Project has been categorised B in accordance with the 2014 Environmental and Social Policy. The expansion of an existing supermarket chain is associated with limited environmental and social impacts that can be readily identified and mitigated. The Environmental and Social Due Diligence (ESDD) is still underway, and this PSD will be updated once due diligence has been completed. An Environmental and Social Action Plan will be developed and agreed with the Client, as necessary, to address any identified mitigation measures.
For Category A projects, this section will need to be updated on an annual basis.
The Bank is expected to undertake an energy efficiency audit of the retail facilities of Profi, funded under the Energy Performance Assessment Framework.
Dumitru Dragomir, Chief Financial Officer
Profi Rom Food SRL
For business opportunities or procurement, contact the client company.
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Tel: +44 20 7338 7168
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