Carrefour SA (CA) and New Europe Property Investments Plc (NEP) secured a loan from BRD-Groupe Societe Generale SA (BRD), Romania’s second-biggest bank by assets to finance 40 percent of a 65 million-euro ($79 million) investment in a new shopping center in Ploiesti, southern Romania.
The French company’s Romanian unit, Carrefour Property Romania, and New Europe Property will finance directly 60 percent of the total investment in the project, Carrefour in Bucharest said in an e-mailed statement today.
The 26 million-euro loan will be used to complete the mall in November this year, according to the statement.
To contact the reporter on this story: Irina Savu in Bucharest at firstname.lastname@example.org.
To contact the editor responsible for this story: James M. Gomez at email@example.com