📋 Tender Overview
Project Number: 47944
Company Name: JERONIMO MARTINS COLOMBIA S A S
Date ESRS Disclosed: May 29, 2024
Country: Colombia
Region: Central America and the Caribbean, Colombia, Mexico
Environmental Category: B
Status: Pending Approval
Department: Regional Industry MAS LAC & EUR
Project Description
Ara Tiendas ( Ara , Ara Tiendas, Jeronimo Martins Colombia SAS or the Company ) is the Colombian subsidiary of Jeronimo Martins SGPS SA ( Jeronimo Martins , JM , the Group or the Sponsor ), a Portuguese food retailer that has 5729 stores across Colombia, Portugal, and Poland. Jeronimo Martins Colombia SAS has been an IFC client since 2019. The proposed repeat transaction with Jeronimo Martins Colombia SAS consists of an up to USD100 million A-loan to partly finance the construction of two distribution centers (the Project ) in Cali and Cota, Colombia.
As of December 2023, Ara had 1290 stores and 14 distribution centers throughout four zones of Colombia, namely North, Central, West and Antioquia Zone. The construction of the two new distribution centers is already underway, with operations expected to begin in April 2024 for Cali and January 2025 for Cota. Ara's new distribution centers are located on industrial lands acquired through a willing buyer willing seller basis, following the provisions of each municipality’s territorial plan.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
