Polish retail group Dino Polska has announced the completion of two investment loan agreements with PKO BP, the country's largest bank, of PLN 80 million (€18.5 million) and PLN 70 million (€16.2 million) respectively.
The loans will finance the further development of the group's store network, as well as its logistics facilities, Polish trade publication dlahandlu.pl reports.
The loans were granted for the period from February 11, 2019 to August 11, 2026.
Dino Group previously announced its intention to have more than 1,200 stores in operation by the end of 2020, up from the 977 outlets it operated as of the end of 2018.
The group estimates that it could operate as many as 2,700 stores in the country in the coming years, based on current projections.
The group's logistics network is located in four distribution centres in Krotoszynie, Jastrowiu, Piotrkowie Trybunalskim and Rzeszotarach.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: The European Supermarket Magazine
