PROJECT

Projects

Summary of Investment Information

Project Number

48827

Company Name

SG FINANCE & TREASURY LIMITED

Date SPI Disclosed

Nov 1, 2023

Country

Southern Europe Subregion

Region

Europe

Projected Board Date

Dec 8, 2023

Environmental Category

B - Limited

Status

Active

Last Updated Date

Oct 25, 2024

Department

Regional Industry MAS LAC & EUR

Industry

Tourism, Retail and Property

Previous Events

Approved : Feb 29, 2024
Signed : Feb 29, 2024
Invested : Oct 23, 2024

Sector

Retail (Including Supermarkets, Grocery Stores, etc.)

Project Description

IFC is supporting (i) expansion of modern food retail in several Western Balkan countries (Albania, Bosnia and Herzegovina, Kosovo, Montenegro, and North Macedonia) by helping Schwarz Group to launch its operations in these new markets; and (ii) the Group’s existing retail operations in Romania, Moldova, Bulgaria, Croatia and Serbia (the Project).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation