EBRD and ENEF II provide €25 million to Viva Fresh Kosovo to support expansion into Albania
Albania, May 15 -- The European Bank for Reconstruction and Development (EBRD) and Enterprise Expansion Fund II (ENEF II), under the European Union's Western Balkans Investment Framework (WBIF), are supporting Viva Fresh Kosovo's entry into the Albanian retail market.The EBRD and ENEF II are lending a total of up to €25 million to cover part of the cost of acquiring Spar Albania. The Bank is contributing €22 million, while ENEF II is providing €3 million. This is the EBRD's largest loan to a local company in Kosovo to date.After acquiring Spar Albania, Viva Fresh Kosovo plans to expand, rolling out new stores, as well as refurbishing some of the existing stores.The loan agreement was signed on the sidelines of the EBRD's 2...
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