Modern-Expo Group and EBRD - New Cooperation Started
The European Bank for Reconstruction and Development provides a seven-year loan of $15 million to the Modern-Expo Group, international global manufacturer and supplier of complete retail solutions in Central and Eastern Europe.
The agreement was signed by representatives of the Bank and the director of the company, Petro Pylypiuk, on July 26, 2018.
Investments will focus on expanding and upgrading company’s production capacities in Ukraine and Belarus during 2018-2019. In order to obtain EBRD loan, Modern-Expo Group passed commercial, juridical, environmental audits and the audit of social responsibility. BDO Corporate Finance became company’s financial adviser in EBRD financial process.
Now Modern-Expo Group operates on more than 62 countries since 1997 and runs over 112 000 square metres production. Company owns three production sites: two factories in Ukraine (Lutsk and Verkhnedneprovsk) and one in Belarus (Vitebsk), and has 9 international affiliates in France, Great Britain, Poland, Germany, the UAE and other countries.
The European Bank for Reconstruction and Development (EBRD) - international financial institution, which is oriented on businesses and economies prosperity. The main objective of the EBRD is to provide real help to the states located in Europe and Central Asia through dialogue with the government and investments mainly in the private sector. The EBRD is actively involved in processes of banking systems’ reforming, prices’ liberalization, privatization, etc. The EBRD is owned by 67 countries from five continents, as well as the European Union and the European Investment Bank. Today, the EBRD is the largest investor in the region, with the headquarter in London.
Modern-Expo Group is an international holding, leading manufacturer and supplier of complete retail solution in Central and Eastern Europe. The company works globally, unites over 3000 people and supplies its solutions to 62 countries of the world. Product range of the company consists of shelving systems, IT equipment, catering equipment, storage solutions, parcel terminals, refrigeration equipment, branded equipment and checkouts. Among the clients of Modern-Expo Group are such well-known companies as: Groupe Auchan, PepsiCo, Metro AG, British American Tobacco, Carrefour, Mars, Ajman COOP, E.Leclerc, Mondelez, Rewe Group, Zabka, Henkel, SPAR, X5 Retail Group, etc.