Hamburg Commercial Bank finances retail group GLOBUS
HAMBURG– Hamburg Commercial Bank (HCOB) has acquired the GLOBUS Group as a new corporate client and is providing it with financing of €50 million.
The family-run GLOBUS Group, based in St. Wendel in the Saarland, can look back on a history spanning almost 200 years. Today, it unites the GLOBUS hypermarkets in Germany and the Czech Republic and the GLOBUS DIY stores in Germany and Luxembourg under one roof. The group employs more than 36,000 people, around 28,000 of whom are based in Germany.
“We are delighted to welcome the GLOBUS Group as a new customer,” says Jens Thiele, Head of Project Finance and Corporates at HCOB. “The group is characterized by sustained positive business development and outstanding customer service in the retail sector. We look forward to developing this business relationship further.”
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