EBRD loans $39.5 mln to Carrefour franchise holder in Georgia

March 18, 2016 3:13 PM

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TBILISI, March 18 The European Bank for Reconstruction and Development (EBRD) has allocated a loan of up to $39.5 million to the Georgian subsidiaries of Majid Al Futtaim, the holder of exclusive rights to the Carrefour franchise, the EBRD said on Friday.

Majid Al Futtaim is one of the largest developers and operators of shopping malls, retail and leisure destinations in the Middle East and North Africa.

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