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EBRD OKs EUR 210 mln loan for Cora’s expansion in Romania

February 2012

The EBRD has approved a syndicated loan of up to EUR 210 million to Louis Delhaize, a European retailer which currently operates eight Cora hypermarkets on the local market, to finance the company’s investment program in Romania.
With the support of the EBRD financing, Louis Delhaize will build up to 17 large and medium-sized hypermarkets in Bucharest and regional towns of Romania. In addition new Cora stores will showcase the successful implementation of international best practice sustainable energy solutions in retail buildings.
The facility includes a portion of up to EUR 140 million for the EBRD’s own account, and a portion of up to EUR 70 million syndicated to ING and Rabobank.
Belgium-based Louis Delhaize operates hundreds of hypermarkets, supermarkets, convenience stores, garden centres and pet shops in France, Belgium, Luxembourg, Romania, Hungary and the United Kingdom.



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