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EBRD finances retail operators in Kazakhstan
06.01.2012
€80 million loan to expand Metro Group’s operations
The European Bank for Reconstruction and Development is providing a €80 million (US$ 105 million) loan to Metro Group Kazakhstan to finance the expansion of its wholesale facilities in this country.
Metro Group is the fourth largest retailer in the world in terms of revenue and an active investor in the EBRD region.
Parts of this 7-year loan will also be available in local currency, in line with the EBRD’s focus on increasing local currency lending in its countries of operations. The EBRD’s financing will be used to build up cash and carry stores across the country.
http://www.ebrd.com/pages/news/press/2011/110519c.shtml