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Schwarz IV

Sector: Water Supply and Storage • Location: Bulgaria

Source: International Finance Corporation (IFC)

Project
Active

The proposed project is IFC financing to the Schwarz Group (“Group”), one of the largest European food retailers, to support the Group’s expansion plans over the next 2-3 years for Kaufland stores in Bulgaria. IFC corporate loan of approx. €80 million will be invested for building of additional 10-15 Kaufland stores in Bulgaria.Kaufland entered the Bulgarian market in 2006 and operates 52 stores a

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The project “Schwarz IV” is an infrastructure initiative in the Water Supply and Storage sector, located in Bulgaria. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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active

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Description

Description

The proposed project is IFC financing to the Schwarz Group (“Group”), one of the largest European food retailers, to support the Group’s expansion plans over the next 2-3 years for Kaufland stores in Bulgaria. IFC corporate loan of approx. €80 million will be invested for building of additional 10-15 Kaufland stores in Bulgaria.Kaufland entered the Bulgarian market in 2006 and operates 52 stores as of July 2015. The Group’s expansion in Bulgaria is targeted towards more second-tier and smaller cities. Retail operations in Bulgaria are supported by one distribution center. Schwarz Group is an existing IFC client since 2004. During this period the company demonstrated its commitment to continuous improvement of environmental and social (“E&S”) performance. The Environmental and Social Review Summaries (ESRSs) of the previous and existing projects were posted on the World Bank Infoshop.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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