Serbia: 7-year loan from EBRD to Coral SRB d.o.o

Provision of a senior unsecured 7-year loan (the “loan”) of up to EUR 10m-equivalent in Serbian dinars (RSD) to Coral SRB d.o.o to finance the expansion of Coral Group to the Serbian market through the development of the Shell brand gas station network, offering high quality fuels and lubricants. The loan from EBRD will be guaranteed by Goral Group, a leading fuel retail company in Greece and 100% shareholder of Coral SRB.  

Project Objectives

The project will support the expansion of the fuel stations network to 30 gas stations by 2023 and the offering of premium quality fuels on the Serbian market. The project represents a good opportunity for the EBRD to support the cross-border expansion of a private operator to a new market, promoting higher industry standards and enhancing competition.

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