Mega Image expansion with EBRD money

Belgian group Delhaize, which operates the Mega Image store network in Romania, may attract a 320m euro loan from the European Bank for Reconstruction and Development (EBRD) to expand its chain of supermarkets in Romania, Hungary, and Serbia-Montenegro. The project will be debated by the EBRD Board on June 17. It will be a long-term syndicated loan, with EBRD set to attract other banks in a consortium of financing institutions. The Delhaize group holds 51% in the Romanian-based Mega Image network. At the beginning of April, Mega Image Romania dedicated its thirteenth supermarket, in Ploiesti. ZF