| Project Detail |
Project Description
1. A senior loan in amount of up to EUR 18.5 million ("Loan 1") to eMAG Operations SRL (the "SPV"), as part of a syndicated loan of EUR 37 million, to finance the development of a logistic centre ("DC2") to be used by Dante International SA ("eMag").
2. A senior loan in the amount of up to EUR 17.5 million as part of a syndicated loan of EUR 35 million to be granted to the Dante International SA ("Dante"), to finance the acquisition of state of the art technology and equipment to enable the automation in DC2 logistic centre ("Loan 2").
Project Objectives
The operation will enable eMAG Group, a key e-commerce player in Romania, to develop a new energy efficient logistic center that will support competitiveness improvements and enable the companys commercial expansion. The transition impact of the project is coming from the "Competitive" and "Green" qualities. The company has committed to seek BREEAM green building certification for the project.
In EBRD countries of operations, the online industry has become decisive in cushioning the impact of the Covid-19 pandemic and associated lockdown measures. By supporting the development of the Group, the project is strongly aligned with the Banks commitment to support countries where it invests to mitigate the economic impact of the pandemic. |
