EBRD invests €25 mln in Żabka

The European Bank for Research and Development (EBRD) is taking part in the acquisition of discount retail chain Żabka, with an equity investment of up to €25 million, the bank announced. “The EBRD investment will support the continued strengthening of corporate governance and setting standards in ‘green innovation’ through environmentally friendly investments. This will further advance Żabka’s competitiveness in line with the EBRD’s transition concept which argues that a well-functioning market economy should be integrated, competitive, inclusive, well governed, green and resilient,” EBRD said in a market filing. Żabka was recently acquired by the CVC Capital Partners Investment fund. Żabka is the sixth largest food retailer and leading modern convenience chain in Poland with 4,600 franchise stores.