The European Bank for Reconstruction and Development (EBRD) is supporting the acquisition of Intersport ISI by Sigur Retail Group from Mercator with a €14m (US$14.8m) loan, as part of the acquisition transaction of approximately €34.5m (US$36.5m).
The EBRD financing will also be used to fund the regional expansion of the sports retailer. Slovenia’s Abanka will add a €2.5m (US$2.6m) term loan and a €5m (US$5.3m) working capital loan to the financial package.
Intersport International Corporation (IIC) is franchisor of two specialised sporting goods retailers: Intersport and The Athlete’s Foot. With a presence in 65 countries and sales of €11.3bn (US$12bn), it is the world’s leading sports retail group.
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