PROJECT

Projects

Summary of Investment Information

Project Number

36671

Company Name

KAUFLAND BULGARIA EOOD

Date SPI Disclosed

Aug 26, 2015

Country

Bulgaria

Region

Europe

Projected Board Date

Oct 1, 2015

Environmental Category

B - Limited

Status

Active

Last Updated Date

Nov 30, 2016

Department

Regional Industry MAS LAC & EUR

Industry

Tourism, Retail and Property

Previous Events

Approved : Oct 14, 2015
Signed : Oct 19, 2015
Invested : Nov 24, 2015

Sector

Retail (Including Supermarkets, Grocery Stores, etc.)

Project Description

Kaufland, a chain of hypermarkets with primary focus on food retail, is continuing its expansion plan in Bulgaria which includes opening new Kaufland stores across large and small cities of the country (the “Project).
The Schwarz Group, owner of Kaufland and one of the leading European food retailers, has requested IFC to provide a long-term loan to its Bulgarian subsidiary to partially finance the Project.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation