Project description
and objectives:
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The proposed project will support strengthening of the Company’s competitive
position on its various CIS markets and finance selective investments.
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Transition impact:
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The transition impact of the Project is expected to derive from continuous
support to the upstream Georgian grape growing sector as well as strengthened
linkages with the downstream Russian distribution sector expected to benefit
from stronger marketing support and regional expansion of distribution.
Transition impact may also derive from TC support with institutional component
to be finalised.
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The client:
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Georgian Wines and Spirits Ltd (the Company) is one of the leading Georgian
wines producer and a client of the Bank since 1999. The Company is owned for
part by Pernod Ricard Group, the second leading European producer and
distributor of alcoholic beverages and the 3rd largest world-wide by sales
volume.
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EBRD finance:
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Medium-term corporate loan to the Company in an amount of up to US$7.3m.
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Total project cost:
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US$14.5 million
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Environmental impact:
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Screened C/0. An environmental audit of the Company was conducted in 1999 and
the resulting Environmental Action Plan implemented. This included
construction of a waste water treatment plant; obtaining licenses for water
extraction; the introduction of regular monitoring of water quality and
effluent; and improvements environmental management and housekeeping.
The Company maintains they are in compliance with Georgian environmental,
health and safety standards and regulations and have incurred no violations,
fees or penalties. Going forward the Company will continue to comply with
Georgian and applicable EU standards.
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Technical
cooperation:
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While not key to project implementation, TC is being considered to support
institutional reforms in the Georgian wine sector.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Philippe Hébert, PR Europe,
Tel: +33 1 44 11 76 20.
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EBRD contact:
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Antoine Deroide, Operation Leader: deroidea@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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