September 12 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) granted German retailer Kaufland a 100 million euro ($100.8 million) loan to expand its operations in Romania and Moldova, deal advisor Radu Taracila Padurari Retevoescu (RTPR) said.
The financing was provided to German group Schwarz, Kaufand's owner, law firm RTPR said in a press release on Friday.
"We are happy that we have once again advised EBRD on a new financing, this time in relation to a development project that will contribute to the consolidation of the Schwarz group’s position on the Romanian market," RTPR partner Victor Padurari said.
Kaufland is present in Moldova since December 2018 and currently operates nine supermarkets in the country. In Romania, Kaufland is present since 2005 and operates over 155 units.
Globally, Kaufland operates a network of over 1,400 stores in eight countries, employing over 148,000.
($=0.9917 euro)
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