PROJECT

Projects

Summary of Investment Information

Project Number

32366

Company Name

REAL ESTATE FCAU

Date SPI Disclosed

Sep 5, 2012

Country

Ukraine

Region

Europe

Projected Board Date

Nov 28, 2012

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 23, 2024

Department

Gbl Ind, Manufact, Agribus & Services

Industry

Tourism, Retail and Property

Previous Events

Approved : Dec 12, 2012
Signed : May 18, 2013
Invested : Jul 29, 2013

Sector

Retail (Including Supermarkets, Grocery Stores, etc.)

Project Description

Groupe Auchan (“Auchan” or the “Group”), one of the largest European food retailers, is expanding its operations in Ukraine, where it opened its first hypermarket in 2008 and currently operates ten stores. The Group has requested IFC to provide a long-term loan to its Ukrainian subsidiaries to partially finance a hypermarket in Odessa, as well as new hypermarkets and shopping centers in other cities (the “Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation