Release date: 1 April 2025
Promoter – Financial Intermediary
MCRETAIL SGPS SALocation
Description
The project concerns the investment programme of Sonae MC in the following areas: i) replacement of existing refrigeration systems by more efficient ones; ii) installation of photovoltaic panels with energy storage systems in supermarkets; iii) electric vehicles charging points; and, iv) waste management and recycling.
Objectives
The project has three main goals: (i) reinforce the organisation's operational sustainability, (ii) promote efficient energy consumption, and (iii) promote waste reduction and recovery.
Sector(s)
- Services - Wholesale and retail trade; repair of motor vehicles and motorcycles
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 142 million
Environmental aspects
The operation is expected to contribute in full to climate action and environmental sustainability (CA&ES) objectives, in particular to climate mitigation through energy efficiency, renewable energy generation, electric mobility and circular economy. The EIB will require that projects financed under this operation comply with applicable domestic and EU legislation, as appropriate.
Procurement
The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if at the Project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (i.e. Directive 2004/17/EC), then the Bank would require the promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC and Directive 92/13/EEC), with publication of tender notices in the EU Official Journal, as and where required.
Status
Approved - 24/06/2025