50% make sustainability core strategy, but only 19% measure its financial impact: KPMG
Sustainability has become a core business priority for companies worldwide, with half of organizations now ...
EBRD injects PLN 200 m into Poland’s largest pharmaceutical group
The European Bank for Reconstruction and Development approved extending a loan of up to PLN 200 million (€47 million equivalent) to Pelion S.A., Poland’s largest pharmaceutical distribution group.
The loan will help the company expand its market and, hence, Polish citizens will have far greater access to medication
Pelion will continue the strategic expansion of its retail operations. It will implement state-of-the-art automated solutions to strengthen its e-commerce presence and improve clients’ satisfaction. Investments will also support the roll out of new types of innovative pharmaceutical products.
Additional investments are planned to improve energy efficiency through the upgrade of Pelion’s warehouses and stores with the goal of making them eligible for green certification.
Grzegorz Zieliński, EBRD, Regional Director Central Europe and the Baltics, said: “We are committed to building a long-term mutually beneficial partnership with Pelion that will not only help expand the company, but also address multiple transition challenges.”
Jacek Szwajcowski, Founder and CEO of Pelion S.A., added: “I strongly believe that our partnership with the EBRD is the next step in Pelion’s history and will strengthen our position in core markets and serve as a stepping stone for our expansion.”
Pelion is owned by the holding company Korporacja Inwestycyjna Polskiej Farmacji Sp. z o.o. The company’s main services cover wholesale, retail sale and sale to hospitals. It is based in Poland and also operates in Lithuania.
Following the company’s successful public-to-private transaction, Pelion will further improve its operational performance through various initiatives. The EBRD funding will support simultaneous investments across Pelion’s business lines and geographies.
To date, the EBRD has invested more than €9.6 billion in 413 project in Poland. Strengthening local companies with a view of supporting their regional integration and expansion is one of the Bank’s priorities as the Polish economy continues its successful development.
Leave a comment