SOFIA (Bulgaria), December 3 (SeeNews) – Bulgarian supermarket operator CBA Asset Management [BUL:C81] said its subsidiary CBA Trade has contracted a 3.321 million euro ($4.4 million) loan from the local DSK Bank to partly finance the construction of a logistics centre.
The loan will finance up to 70% of the construction costs for the facility in the northern Bulgarian town of Debelets and will also cover the related equipment purchase expenses, CBA said in a statement filed with the Bulgarian Stock Exchange late on Thursday.
The loan carries an interest rate of 5.831%.
The logistics project is part of the company’s expansion plans.
CBA Asset Management runs 36 CBA supermarkets in northern Bulgaria and operates one logistics centre, in Ruse, according to the latest data available on its website.
The company was last traded on the Bulgarian Stock Exchange on November 30, closing 0.11% lower at 0.94 levs ($0.64/0.48 euro) in a volume of 870 shares.
(1 euro=1.95583 Bulgarian levs)
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