The European Bank for Reconstruction and Development (EBRD) is considering extending a EUR 200 million loan to Swartz Group to expand its retail chains Kaufland and Lild on the markets in Bulgaria, Romania and Poland, the bank said on Tuesday.
The proposal will be discussed by EBRD at the end of September. The company is seeking a long-term loan to back its growth plans in the three countries.
A portion will be utilised for expanding Kaufland’s supermarket network in Bulgaria and Poland, whereas the balance will back Lidl’s entry into the Bulgarian and Romanian markets.
