Market intelligence, trend analysis and forecasts for the Food and Drink industries across the regions

Companies / Bosnia-Herzegovina

Konzum To Expand Regionally With EUR50mn EBRD Loan

August 2009 | Company News Alert

The European Bank for Reconstruction and Development (EBRD) has finalised a US$50mn loan to leading Croatian mass grocery retailer (MGR) Konzum. The loan will strengthen the retailer's balance sheet and allow it to push ahead with plans to launch regional stores in Bosnia & Herzegovina, a market it already leads. Owned by diversified Croatian conglomerate Agrokor, Konzum has been strengthening its presence in former Yugoslavian markets such as Bosnia & Herzegovina, Serbia and Macedonia over the past few years. Although Bosnia & Herzegovina's population is only 4mn, the MGR industry is highly fragmented. BMI's estimates Konzum's market share to be

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