Samsung Multi-Project Facility -MPF

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 3239

Status Complete

Location

Regional

Business Sector

Manufacturing and Services

Notice Type

Private

Project timeline

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

Project ID 3239

Status Complete

Location

Regional

Business Sector

Manufacturing and Services

Notice Type

Private

Environmental Category

Approval Date

14 Jan 1997

Disclosure date

20 Dec 1996

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

Multi-project facility to provide debt and equity finance to various Samsung-sponsored projects in the EBRD's countries of operations. The objective of the project is to support direct investment by Samsung in the Bank's countries of operations. This will be the first multi-project facility with an Asian sponsor.

Transition Impact

The project will help a major international industrial operator to bring in expertise, with direct investment into consumer-oriented industries in a number of the Bank's countries of operations in central and eastern Europe and Central Asia.

The Client

Samsung Electronics Co. Ltd (SEC) and Samsung Corporation (SC), both part of the Samsung group, one of the largest industrial groups in the world with a turnover of ECU 50 billion. SEC is a leading manufacturer of consumer and industrial electronics, while SC is the largest trading company in Korea.

EBRD Finance

Loan/equity multi-project facility of up to ECU 150 million (US$ 188 million).

Project Cost

Over ECU 450 million (US$ 562 million).

Environmental Impact

The project was classified C/0; it does not require an environmental assessment or an environmental audit. The EBRD reviewed Samsung's environmental appraisal and monitoring capabilities and how this would apply to the investments proposed under the multi-project facility (MPF). Samsung has adopted a group-wide environmental policy and formalised environmental procedures for the MPF, which are satisfactory to the Bank. These require that environmental issues will become part of the investment decision-making process. Environmental Action Plans, which will be developed as a result of the environmental due diligence and appraisal process and which will consider environmental compliance, liabilities, risks and opportunities, will become part of the business and investment plan for each project to be financed under the facility. Significant environmental and health and safety improvements are expected to be realised with the implementation of Samsung's MPF investment programme. The company has committed itself to applying EU standards to all investments under the MPF. An annual environmental report will be submitted to the EBRD on the investee companies encompassed by the facility.

Technical Cooperation

None.

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.

Our story

How we invest in changing lives

What we offer for businesses

Search