Ukrainian food retailer Fozzy Group gets the EBRD’s loan for expansion

EBRD provides the largest Ukrainian retailer Fozzy Group with $ 60 million. The long-term investment program will help the food retailer to open and renovate 41 SILPO supermarkets and stores as well as 29 Fora convenience stores.

Under the investment program provided by the bank, Fozzy Group will be the first food retailer that opens the environmentally sustainable supermarket in Ukraine. The supermarket will be built in accordance with the BREEAM principle

The EBRD is the largest international financial investor in Ukraine. To date, the Bank has made a cumulative commitment of almost €15 billion through 466 projects in the country.

Fozzy Group is one of the largest trade industrial groups in Ukraine and a leading multi-format retailer (brands such as Silpo, Fora, Fozzy C&C, and Thrash), with over 560 outlets around the country. The group’s businesses also include food production, banking, and restaurants, as well as logistics, including a postal delivery operator. Since its establishment in 1997, Fozzy Group has focused on innovative improvements, creating new opportunities for the market and further developing the sectors in which the group operates.

Source: EBRD
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