Project description
and objectives:
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The proposed project will be used for the following:
i. group consolidation and balance sheet restructuring and
ii. acquisition of target companies.
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Transition impact:
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Successful corporate restructuring is the main objective of this project and
since involving a well-known and recognised group in the river aggregates and
roads sectors, the success of the project will have a strong demonstration
effect in the country. Through increased profitability and improved efficiency
the company will gain additional strength to expand on the market and set new
boundaries for its competitors.
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The client:
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JKR Natural Resource B.V. a holding company incorporated in the Netherlands,
engaged in the river aggregates and roads maintenance sectors.
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EBRD finance:
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(i) EUR 21.1 million senior A/B loan; and.
(ii) EUR 8 million new equity financing.
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Total project cost:
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EUR 45 million.
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Environmental impact:
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The project has been screened B/1 requiring an environmental audit of the
Company's corporate environmental policies, procedures and practices and site
reviews for a sample of the Company's facilities. Following the completion of
the audit, any resulting recommendations will be formulated into a time-bound,
costed environmental action plan ("EAP") which, once agreed with the Company,
will be attached to the legal agreements. The aim of the EAP will be to ensure
compliance with relevant host country environmental standards, EU
environmental standards and any other relevant good international practice.
The Company will be required to provide the Bank with an annual environmental
report on compliance status and the implementation of the EAP.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Name: Nemanja Mitrović
Position: General Manger of BBP
e-mail: mitrovic@bbp.co.yu
Phone:
+ 381 11 2062 320
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EBRD contact:
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Volker Recker, Operation Leader: reckerv@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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