EBRD PLANS LOAN TO BOOST O’KEY SUPERMARKET CHAIN IN RUSSIA

BY KEITH NUTHALL THE EUROPEAN Bank for Reconstruction & Development (EBRD) is planning to lend US$200 million to Russia supermarket owner Dorinda, which would use the money to expand its O'Key chain over the next three years. It is planning to launch five O'Key supermarkets in Moscow this year, having expanded from the St Petersburg area. The EBRD said O'Key offered an "efficient, competitive and hygienic shopping environment". In a memorandum, it said, the chain would boost "the development of a modern food retail industry in the regions ...


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