Louis Delhaize secures funding for expansion

With the support of the EBRD financing, Louis Delhaize will build up to 17 large and medium-sized hypermarkets in Bucharest and regional towns of Romania. The facility includes a portion of up to 140 million Euro for the EBRD’s own account, and a portion of up to 70 million Euro syndicated to ING and Rabobank.
“The successful syndication of this facility in the current economic environment is a sign of confidence in Romania’s economy. This project will benefit Romanian regions by providing stable market outlets for the local farming sector, and by generating new employment opportunities for local people. It will also bring a quality service and a wide range of products at competitive prices to smaller towns in Romania,” said Thomas Mirow, EBRD President.
“Louis Delhaize is happy to continue its investments in Romania, which is now becoming an important market. The construction and opening of up to 17 new hypermarkets and a shopping mall in Romania show its belief in the potential of the Romanian economy. Louis Delhaize appreciates the continued support of the EBRD in its investments in the region.” stated François Bouriez, the company’s CEO.
Louis Delhaize Group has been present in Romania since 2003, where it currently operates eight hypermarkets under its Cora brand.