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    Reference: 20170423
    Release date: 22 October 2020

    Promoter – Financial Intermediary

    JERONIMO MARTINS POLSKA SA

    Location

    Description

    Modernisation of existing discount retail outlets in convergence areas in Poland, including energy efficiency measures targeted at reducing energy consumption, as well as measures to reduce emissions of greenhouse gases.

    Objectives

    The proposed operation consists of the modernisation of some 700 stores in Poland, including equipment and furniture, as well as energy efficiency measures reducing energy waste and possibly their greenhouse gas emissions.

    Sector(s)

    • Services - Wholesale and retail trade; repair of motor vehicles and motorcycles

    Proposed EIB finance (Approximate amount)

    PLN 720 million (EUR 159 million)

    Total cost (Approximate amount)

    PLN 1440 million (EUR 318 million)

    Environmental aspects

    The position in respect of national legislation will be confirmed at appraisal together with the status and details of possible environmental and social assessments, permit procedures, public consultation and hence compliance of the project with EIB environmental and social standards. The refurbishment of buildings shall be further aligned with the 2010/31/EU Energy performance of buildings Directive and the 2012/27/EU Energy Efficiency.

    Procurement

    The Promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the Promoter is after all subject to EU public procurement legislation Directive 2014/24/EU, then the Bank would require that the Promoter ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation Directive 2014/24/EU, where applicable, as well as Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

    Status

    Signed - 30/09/2020

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Poland Services