Wednesday, 16 April 2014
Auchan to open 110 Atak supermarkets in Russia
The French retailer plans to increase its presence in Russia in the next 2 years.
- Auchan declared that in 2014-2016 planned to open at least 110 Atak supermarkets in Russia.
- Possibility of financing of the project is considered by International finance corporation (IFC). The organization offers 250 million euros for development of Auchan's business in the Russian Federation and Vietnam (total cost of the project - 600 million euros). IFC is ready to provide means of in the form of credits or through participation in the capital of Auchan's local subsidiaries.
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