Edeka Rhein-Ruhr rings up expansion debt

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By Mike Turner
06 Jan 2020

German grocer Edeka Rhein-Ruhr has signed up to €262.8m of debt from commercial and state banks as it looks to build infrastructure after increasing revenues by 150%.

DZ Bank, Helaba and KfW Ipex are providing the long term financing, split equally between them.

The funds will go towards two projects — a new warehouse and a new administration building. Both projects have an 18 month construction period. 
The financing comes as Edeka Rehin-Ruhr’s turnover has steadily grown ...

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