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General

Ceconomy signs credit facility linked to ESG targets

Friday 7 May 2021 | 09:13 CET | News
Ceconomy, the owner of retailers Media Markt and Saturn, said it has signed a credit facilities of EUR 1.06 billion with interest rate dependent on the company achieving environmental, social and corporate governance (ESG) targets. The interest rate on the credit drops if Ceconomy meets the targets of reducing CO2 emissions, increasing sustainable products in the assortment and raising the share of women in management positions.

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Categories: General
Companies: Ceconomy / MediaMarktSaturn
Countries: Europe
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