Project description
and objectives:
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The Bank’s financing will consist of up to EUR 10 million in the form of a
senior secured long-term debt. EBRD funds will be used for further expansion
of the Company's business, especially the expansion of the direct distribution
network, accompanied with related advertising costs as well as for the
optimisation of financing costs to provide a stable capital base and allow
reserves for further growth.
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Transition impact:
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Development of distribution network accompanied with brand development of
locally produced products and improvement of funding base are the main
objectives of the Project. Through success of the Project, the Company will
further develop backward linkages with farmers, particularly in less developed
regions. Successful implementation of the Project will lead to greater
penetration of the local market and assist the Company in concurring export
markets.
Through further development of distribution and logistics as a result of the
Project, the Company will be in better position to pass good practice through
to distributors and buyers (and may encourage similar practices by the
competition).
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The client:
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Nectar is a limited liability company incorporated in Serbia. The Company has
developed several production programs, in which the production of fruit juices
and nectars has priority, and the production of fruit marmalades, syrups,
fruit brandies, apple vinegar and vegetable products follows.
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EBRD finance:
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EUR 10 million long-term loan.
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Total project cost:
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EUR 50 million.
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Environmental impact:
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The project is screened C/1 and is likely to result in minimal adverse
environmental impacts. The environmental questionnaire prepared by ED has been
sent to the sponsors. Based on the questionare results, ED will decide whether
further due diligence is necessary or not.
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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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Bojan Radun, Nectar d.o.o Novi Sad, Serbia
Tel: + 381 21 630 21 75
E-mail:
bojan.radun@nectar.co.yu
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EBRD contact:
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Miljan Zdrale, Operation Leader: zdralem@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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