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French shopping center developer to get $75 million IFC loan
Journal Staff Report

KIEV, Oct. 23 – Auchan, a French developer of supermarkets and shopping centers, is planning within two months to sign a loan agreement with the International Finance Corporation to attract $75 million for the construction of hypermarkets and shopping centers.

"A plan will be approved and an agreement will be signed with the IFC within two months. The first project, for which funds will be issued, is the Rose Park trade and entertainment center (Makiyivka, Donetsk region) and later funds will be issued for various projects of hypermarkets and shopping centers," Auchan Ukraine Director General Gerard Gallet said.

He did not specify the term for which the funds will be attracted.




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