Project description
and objectives:
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The EBRD is considering a regional facility which will enable the Bank to provide equity investments in subsidiaries of Intersnack across the region on a deal-by-deal basis. The Intersnack Group is a market leader for savoury snacks in Germany and eastern Europe, where it has been expanding since the early 1990s either through acquisition or greenfield investments. In Romania and Bulgaria the proposed transactions are equity investments through a capital increase to strengthen the companies’ market position and competitiveness through the expansion of the current production facility. Further projects will be identified at a later stage.
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Transition impact:
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The Transition Impact potential of the regional facility is centred around Intersnack’s ability and need to build an effective link to local potato farmers thereby building on the country’s primary agriculture sector including the building up of storage capacity. Further, in any country of investment the Intersnack Group will improve quality standards across three dimensions (farming level, production level and contracting level) through its further expansion.
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The client:
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Intersnack Group is market leader for savoury snacks in Germany and many other Eastern European countries. Intersnack is a subsidiary of “Pfeifer & Langen”, the third largest sugar producer in Germany.
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EBRD finance:
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A regional facility to be provided on a deal-by-deal basis in the form of equity investments in the subsidiaries of Intersnack across the region.
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Total project cost:
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To be determined on a deal-by-deal basis.
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Environmental impact:
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The project has been classified B/1 according to the EBRD’s Environmental Policy and Procedures as it involves the construction of greenfield production plants and the operation of other processing plants. These would be typically associated with limited direct environmental, health and safety issues, which can be readily identified and assessed as well as efficiently mitigated with modern technology and project design. For this reason the Bank conducted an environmental audit of the existing facilities an environmental analysis of the expansion plans. These studies took the form of a corporate environmental review.
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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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Wibo van Kesteren
Finance Director
Telephone: +49-221-48 94-239
Email: wkesteren@intersnack.de
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EBRD contact:
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Anja Langenbucher, Operation Leader: langenba@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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