The European Bank for Reconstruction and Development is to loan some US$90m to Ukraine’s number two supermarket chain Furshet.
Go deeper with GlobalData
The EBRD said the loan would help Furshet open more stores in the Ukraine.
Furshet, in which French retail giant Auchan owns a 20% stake, is aiming to take its numbers of stores in the country from 86 to over 100.
Furshet chairman Igor Balenko said: ““We appreciate the fact that the EBRD considered us as a reliable partner and very proud of having such a big transaction with one of the most respectable financial investors.”
EBRD director for agribusiness Gilles Mettetal added: “is the biggest and most important deal the EBRD has done in the retail sector in Ukraine, and we hope not the last one with Furshet.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
