Project description
and objectives:
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The EBRD is considering lending €13 million to Maïsadour Semences Ukraine (“MAS Ukraine”) to finance a part of the construction of a green-filed seed production plant in Ukraine.
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Transition impact:
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MAS Ukraine will have the first modern seed production plant in Ukraine. It will work with the farmers to help them improve the quality and yield of their commercial seeds through agronomic assistance and training. The Project will contribute to greater efficiency in the market as most of the commercial seeds used in Ukrainian agriculture are imported. There will be backward linkages to Ukrainian farmers as they will receive parental seeds from MAS Ukraine, cultivate them on their own land and sell the unprocessed commercial seeds back to MAS Ukraine which will process them. There will be forward linkages to farmers as they will be able to buy processed commercial seeds from MAS Ukraine which should be able to achieve better yields for their crops as they are customised to the Ukrainian agriculture environment.
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The client:
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Maisadour Semences Ukraine (“MAS Ukraine”) is a subsidiary of Maisadour Semences S.A. (“MAS”). MAS is a French seed production company which is a, subsidiary of Maïsadour Group (the “Sponsor”) which owns 60%, and Syngenta Seeds which owns 40%. The Sponsor is a French cooperative operating in various agribusiness segments (seeds, cereals, vegetables, animal feed, poultry breeding, retail, etc.). Syngenta Seeds is a subsidiary of Syngenta, the Swiss agribusiness multinational focused mainly on crop protection and commercial seeds.
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EBRD finance:
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Long term loan of €13 million to MAS Ukraine with a full corporate guarantee from the Sponsor.
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Total project cost:
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Confidential.
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Environmental impact:
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This project was categorised B under the EBRD’s Environmental and Social Policy 2008.
Due diligence, which is ongoing, focused on Maisadour’s capacity and systems to manage environment, health, safety and labour issues in the development and operation of its new facility in Ukraine. So far due diligence has confirmed that the Company will design, build and operate the facility to EU environmental standards; and that the Company has systems in place to manage their environmental impacts, OHS risks and human resources that will need to be implemented at the new facility. Under the proposed project the Company will be required to comply with the Bank’s Environmental and Social Policy 2008 Performance Requirements applicable to the project (specifically PRs 1-8 and 10). The Bank will monitor the Companies’ environmental and social performance for the lifetime of the loan through annual environmental and social reporting and via periodic site visits. The Companies will be required to immediately notify the Bank of any incidents or accidents likely to have an effect on the environment or worker and public safety.
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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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Régis Fournier
Route de Saint Sever BP27
40001 Mont de Marsan Cedex
FRANCE
Phone : +33 558 058 311
Fax: +33 558 058 496
E-mail: RF4000@maisadour.com
Website: www.maisadour-semences.fr
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EBRD contact:
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Alejandro Trenor, Operation Leader: trenora@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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Public Information
Policy (PIP):
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The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.
Text of the PIP
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Independent Recourse
Mechanism (IRM):
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The EBRD has established the IRM to give local groups that may be directly and adversely affected by a Bank project a means of raising complaints or grievances with the Bank, independently from banking operations.
Guidelines for Making a complaint and the Rules of procedures
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