Coppel S.A. de C.V.

completed

Coppel, S.A. de C.V. (or, the "Company" or "Coppel") is a retail chain based in Culiacan in the Sinaloa state of Mexico, with a strong presence in the north, northeast and the Pacific area of Mexico. Coppel currently offers a wide variety of products including electrical equipment, electronics, furniture, and apparel. Its target customers are the low to middle income segment of the market. Coppel operates 132 stores located in 22 Mexican states. The total project cost is estimated at US$179.6 million, and IFC is considering a senior loan of US$30 million to the Company. The project would (i) open 58 additional stores to increase the Company''s geographic coverage; (ii) open 8 distribution centers to service the new stores; and (iii) build 2 warehouses to optimize transportation costs. The stores, distribution centers, and warehouses will be located in various Mexican states.