Project Notice
|
| PNR |
70323 |
| Project Name |
DFF - Viva Fresh Regional |
| Project Detail |
As per section 1.4.2 (iii) of the Directive on Access to Information: For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD. Provision of a long-term loan by EBRD and ENEF II to Viva Fresh (the Company) to finance part of the cost of the acquisition of 100% of the shareholding of Spar Albania (the Target). Project Objectives The Project will support Viva Freshs regional expansion into neighbouring Albania, through its cross-border acquisition of the 2nd main food and beverages retail chain, Spar Albania franchise, and subsequent investment program for roll-out of new stores and refurbishment of some existing stores in Albania. Through it, the project will support the expansion of modern retail in Albania and regional integration of supply and logistics chains in food and beverage distribution and retail. The project will also support enhanced sustainability measures expected to lead to the attainment of the international green building certification EDGE Advanced (Level 2) or higher for new and renovated stores by the client in Albania and Kosovo. |
| Funded By |
European Bank for Reconstruction and Development (EBRD) |
| Sector |
Agriculture, Food and Beverages |
| Country |
Various Countries , Southern Asia |
| Project Value |
AL 25,000,000
|
