Project description
and objectives:
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The proposed financing will help Boni Holding to refurbish and upgrade some of
its production facilities as well as to restructure its balance sheet. The
proceeds from the Bank’s financing will also support the company in meeting
higher environmental production standards and improving energy efficiency.
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Transition impact:
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The Bank’s investment will promote transparency, high standards of corporate
governance and maintenance of good business practice throughout the company’s
operations. The Bank’s financing will help Boni Holding upgrade its production
process along the whole chain that will set higher quality standards in pig
breeding, including providing support to local pig farms, and meat processing
activities in the company thus increasing production efficiency and raising
environmental and sanitary standards.
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The client:
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Boni Holding AD, is the leading meat-processing company in Bulgaria.
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EBRD finance:
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EUR 15 million long-term loan.
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Total project cost:
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Up to EUR 40 million.
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Environmental impact:
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The project was screened B/1 requiring an environmental audit and analysis of
selected pig breeding farms and meat processing facilities. These studies
were conducted by independent environmental consultants and a draft report has
been provided to the Bank and the Company for review. Key issues identified
by the audit include the lack of a formalised environmental management system,
the lack of permits for certain activities, improvements to the treatment and
disposal of the manure resulting from the re-developed facilities and the need
to submit applications to ensure that eligible facilities are permitted
according to the EU's IPPC requirements. An environmental action plan has
been drafted which will need to be reviewed and agreed by the Company and the
Bank. The aim of the EAP will be to ensure on-going compliance with
applicable national and EU environment, health and safety standards. The
Company will provide the Bank with annual environmental reports on the
implementation of the EAP and any other material EHS issues.
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Technical
cooperation:
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An energy efficiency audit has been performed to support the company reviewing
energy usage patterns and identifying energy efficiency measures. This
activity was financed under an existing framework contract, funded by the CEI,
Central European Initiative (Italy).
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Mariya Rangelova, CEO
Tel: +359 2 846 37 33
E-mal: m.rangelova@boniholding.com
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EBRD contact:
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Nadezda Petkova, Operation Leader: petkovan@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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