Spar Croatia

Location:

Croatia

Project number:

40241

Business sector:

Agribusiness

Notice type:

Private

Environmental category:

B

Approval date:

30 Jun 2009

Status:

Complete

PSD disclosed:

29 May 2009

Project Description

The EBRD is considering providing a long-term loan of up to €25 million to Croatian retail company SPAR Croatia d.o.o.

Transition Impact

The proposed transaction will enhance competition in the retail sector in Croatia by supporting a medium sized local retailer seeking to develop hypermarkets in Croatia, expanding also in the secondary cities and thus supporting the regional development of the country as opposed to only capital cities where majority of retailers based their operations. The Project is strengthening backward linkages with local suppliers. The backward linkages are of particular importance given the high quality criteria (including health & safety standards, image and quality/ price levels) imposed by Spar Croatia d.o.o. on suppliers, supporting thus competitiveness of the Croatian producers during the important period of the Croatia’s preparation for the EU accession.

The Client

Spar Croatia d.o.o. is a retail company, fully owned by Spar Österreichische Warenhandels AG.

EBRD Finance

€25 million senior loan

Project Cost

€47 million

Environmental Impact

This project was categorised B under the EBRD’s Environmental and Social Policy 2008. Due diligence, which is ongoing, focused on the Spar Croatia's capacity and systems to manage environment, health, safety and labour issues in the development and operation of stores. So far due diligence has confirmed that the Companies’ stores are designed, built and operated to EU environmental standards and stores have emergency evacuation plans for life and fire safety; and the Companies have systems in place to manage their environmental impacts, OHS risks and human resources. Under the proposed project the Company will be required to comply with the Bank’s Environmental and Social Policy 2008 Performance Requirements applicable to the project (specifically PRs 1-8 and 10). The Bank will monitor the Companies’ environmental and social performance for the lifetime of the loan through annual environmental and social reporting and via periodic site visits. The Companies 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.

Technical Cooperation

None.

Company Contact

Helmut Fenzl, CEO
SPAR Croatia d.o.o.

Tel: +385 1 2410 908
Email: helmut.fenzl@spar.hr
Website: www.spar.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

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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