NIB finances renewal of Maxima Grupe’s companies in the Baltics

The Nordic Investment Bank and the Lithuanian retail company Maxima LT, UAB have signed a €52 million loan agreement to finance the company’s investments in its retail network renewal.

The ten-year loan will finance Maxima Grupe’s store refurbishment programme in Lithuania, Latvia and Estonia. 

Maxima will upgrade 31 of its already existing stores into more energy efficient buildings. The project includes investments in environmentally advanced refrigeration technology and cooling systems, energy-saving lighting and the installation of solar panels. 

The refurbishment programme is scheduled to be implemented between 2019 and 2021.