DZ BANK AG, Helaba and KfW IPEX-Bank support growth in EDEKA Rhein-Ruhr
Press Release from 2020-01-06 / KfW IPEX-Bank
DZ BANK AG, Helaba and KfW IPEX-Bank are providing long-term financing to two strategic investment projects of EDEKA Rhein-Ruhr.Together, the three banks are providing equal amounts of debt capital totalling up to EUR 262.8 million for the construction of an administration building in Moers and the construction of a logistics centre in Oberhausen (both located in North Rhine-Westphalia). All three banks involved are mandated lead arrangers of the transaction.
EDEKA Rhein-Ruhr plans to expand its competitive position with the construction of the new buildings.The importance of the two large-scale projects is based on the positive business development. In recent years, the company has grown steadily, increasing its turnover from two to five billion euros between 2004 and 2018. Both the strong development of independent retailers and successful takeovers contributed to this. This also means that its infrastructure is reaching its limits, as existing warehouse capacities and administrative buildings are fully utilised.
The new central warehouse in Oberhausen is intended to ease the pressure on the existing warehouses as well as to optimise the entire logistics network in the sales region of EDEKA Rhein-Ruhr, which includes the whole of North Rhine-Westphalia and neighbouring regions in Rhineland-Palatinate and Lower Saxony. The company relies on state-of-the-art automation technology.
So far the administrative staff of EDEKA Rhein-Ruhr has been spread over three locations in Moers. The new administration building provides enough space for all employees at one location and at the same time potential for further personnel growth. In addition to the modern office space for some 700 employees, the Moers site will also house a training centre, an e-centre, a "trinkgut" beverage store and other space for local shops and service providers. A construction period of 18 months is planned for both large-scale projects.
With this long-term investment financing, DZ BANK AG, Helaba and KfW IPEX-Bank are supporting their long-standing customer EDEKA Rhein-Ruhr in its growth and modernisation strategy and helping to safeguard and create local jobs.
DZ BANK AG
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