Equity stake promotes energy efficiency in Moroccan retail sector
Label’Vie is the exclusive franchisee of French hypermarket chain Carrefour in Morocco. Its subsidiary Vecteur LV (VLV) serves as a real estate platform for the development of the company’s supermarkets and retail galleries.
VLV will use the EBRD financing to accelerate its growth and become a major real estate vehicle in the country. Technical assistance will help VLV to identify energy efficiency opportunities, with the goal of reducing its rate of energy consumption by up to 25 per cent. The company will also introduce recycling and waste minimisation measures to ensure other resources are used more efficiently.
The retail sector
in Morocco contributes
to the country’s GDP
The EBRD has
been investing in