LA RINASCENTE
July 1st, 2002
KEITH NUTHALLTHE EUROPEAN Investment Bank is considering plans to lend up to Euro 135 million to Italy's La Rinascente SpA retail group, to help it build and operate one shopping centre in the Campania region, (surrounding Naples), and four new hypermarkets, (two in Campania and two in Sicily). The EIB, the European Union's main development bank, said that the scheme would "enhance the market position" of La Rinascente, helping to "modernise the Italian distribution chain." Its memorandum added: "Consumers are expected to benefit from increased efficiency" and ...
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