VENA RESTRUCTURING AND EXPANSION

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 16707

Status Complete

Location

Russia

Business Sector

Food and Agribusiness

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 16707

Status Complete

Location

Russia

Business Sector

Food and Agribusiness

Notice Type

Private

Environmental Category

Approval Date

18 Sep 2001

Disclosure date

29 Aug 2001

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

Proposed loan to finance expansion of the production capacity of a brewery, located in St Petersburg, Russia.
Objective: Purchase and installation of filling lines and brewing equipment in order to significantly increase beer production capacity.

Transition Impact

The project will enhance the market-based interactions in the beer and beverages sector, as increased production volume will lead to further development of the distribution network and strengthen relationships with suppliers.

The Client

AO Vena, a St Petersburg-based brewery, majority owned by Sinebryhoff, the Finnish subsidiary of Carlsberg Breweries A/S. The EBRD owns 33 per cent of the shares in Vena.

EBRD Finance

Up to US$80 million (€90 million) loan.

Project Cost

US$88 million (€99 million).

Environmental Impact

The project was screened B/1, requiring an updated environmental audit and an environmental analysis. An environmental audit was conducted as part of the original privatisation and a number of issues raised. These have been dealt with over the last six years and the company has continued to report to the Bank on an annual basis with regard to ongoing compliance with national health and safety requirements. The company is also required to comply with the environmental policy and management procedures of Carlsberg Breweries. For the expansion, the company has been asked to provide additional information on current compliance issues, potential impact associated with the expansion, compliance with European Union environmental, health and safety standards and any national requirements relating to permitting expansion of the facility. This information will be provided to the Bank for review prior to approval of the project. The company will continue to report to the Bank on an annual basis.

Technical Cooperation

None.

Company Contact

Transition impact

ETI Score:40

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

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. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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