SPAR Slovenija get 40M Euro Energy Efficiency Boost

THE European Bank for Reconstruction and Development (EBRD) is supplying a loan of up to €40 million to retailer SPAR Slovenija to support further development on resource and energy efficiency.

SPAR Slovenija currently operate 88 stores in the country with 2012 sales of €693 million, and is indirectly fully owned by the holding company Spar Holding AG, which integrates all the operations of Spar Austria Group.

The EBRD loan will finance a portion of the company’s planned investments over the period 2013-2015. This will include improvements to energy efficiency, in a logistics centre and a bakery as well as the further development of the SPAR Slovenija branch network.

Miljan Zdrale, Senior Banker responsible for agribusiness projects in South-Eastern Europe (SEE) said, “We are happy to support SPAR Slovenija in developing the sustainability of its retail operations with a focus on modern supply chain management and resource efficiency. The modernisation of the company’s operations will strengthen its results and benefit customers through further improved quality.”

Jure Petkovšek, Financial Director of SPAR Slovenija added, “SPAR is happy to continue its investments in Slovenia, which is especially important under the current macroeconomic circumstances. We see the EBRD financing as recognition of our future strategy and expect the EBRD to play an important role in successful implementation of international best practice for sustainable energy solutions in retail buildings.”

Picture Bled in Slovenia by Human write at en.wikipedia (Transferred from en.wikipedia) [Public domain], from Wikimedia Commons

Thursday 25th July 2013

Add New Comment:


To Comment you must be a member of The ESA, please login or register to join

There are currently no comments, be the first to comment above.