Summary of Proposed Investment
Project Number
10165
Company Name
RAMENKI, OOO
Date SPI Disclosed
Aug 18, 2000
Country
Russian Federation
Industry
Tourism, Retail and Property
Projected Board Date
Sep 18, 2000
Status
Completed
Sector
Retail (Including Supermarkets, Grocery Stores, etc.)
Department
Gbl Ind, Manufact, Agribus & Services
Environmental Category
B - Limited
Previous Events
Approved : Nov 20, 2000
Signed : Dec 6, 2000
Invested : Apr 3, 2001
Project Description
IFC’s role in the Project will be to assist the Sponsors in establishing a viable private sector business which will take advantage of an underdeveloped retail market in Moscow by opening modern supermarkets in suburban areas where there are a limited number of retail outlets and a concentration of housing developments. The Corporation is also needed to mobilize the required limited recourse finance and provide the Sponsors with added comfort in relation to political risk. From a developmental standpoint, the Project will make available lower cost, high quality food and non-food items to the domestic market on a consistent basis. It will also introduce state-of-the-art inventory management, distribution and retail systems which will serve to improve the overall retail sector in Moscow as it will be a model for former state-owned enterprises and others to follow.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Ramenka, The Trade Center "Ramstore", Yartsevskaya Str., 19, Moscow 121552. FAX - 7-095-937-1974