EUR 200 mln Club Loan to Fund Retail Expansion in Bulgaria, Romania

01.10.2010

Property Xpress

EUR 200 mln long-term syndicated loan facility was approved at the end of September to finance expansion of the Schwarz Group's Kaufland operations in Poland and Bulgaria and Lidl operations in Bulgaria and Romania, project lender, the EBRD, announced.

The project will primarily finance Lidl and Kaufland stores in the more remote / rural store locations of the countries.

The beneficiaries will be Kaufland Bulgaria EOOD and Lidl Bulgaria EOOD, organized and existing under the laws of Bulgaria, Lidl Romania s.r.l., a company organized and existing under the laws of Romania and Kaufland Polska Markety Sp.z.o.o., a company organized and existing under the laws of Poland.