Retailer Lidl Discount Romania, a subsidiary of German Schwarz group, signed with Credit Agricole CIB, the investment division of the French group Credit Agricole, a loan agreement of EUR 100 million for opening 31 stores in Romania, Profit.ro reported.

The new stores will be EDGE certified, meaning that their water and energy consumption will be 20% below those of a standard store. The World Bank's investment division provides EDGE certification.

Lidl entered the local market in 2010 by taking over about 100 Plus discount stores from the Tengelmann Group. The retailer is part of the German Schwarz group, which also owns the Kaufland hypermarket network, the leading local retail market in Romania. Lidl in Romania has over 240 stores and 4 logistics centers in Romania.

editor@romania-insider.com

(Photo source: Lidl Romania)