Translated version of this PSD: Moldavian
The EBRD is considering a working capital (WC) facility of up to USD 25m for Trans-Oil Group in Moldova to support the consolidation and further expansion of soft commodity trading and edible oil production activities of the company.
Transition impact will derive from:
(i) market expansion through backward linkages to local farmers;
(ii) skills and transfer knowledge
(iii) demonstration of international procurement standards in Moldova.
Trans-Oil Group (“Trans-Oil” or the “Group”), the largest soft commodity trader and edible oil producer in Moldova.
The group operates an extensive network of grain warehouses, oilseed crushing facilities and a grain port terminal on the Danube.
USD 25 million, revolving working capital facility secured by agricultural commodities.
USD 45 million.
Categorised C. The use of working capital finance for the purchase of soft commodities is not associated with significant environmental and social impacts. In the context of the recently proposed equity investment in the Company the EBRD conducted comprehensive environmental and social due diligence utilising independent specialist consultants.
Through this study a number of a number of E&S issues were identified and an E&S Action Plan (ESAP) prepared and agreed with the Client. The ESAP includes measures on establishing adequate environmental, health and safety management systems, improvements of corporate CSR and HR policies and practices, grievance mechanism for workers and third parties, hazardous materials handling, food hygiene and quality testing.
The Company also agreed to apply the recommendations of a dust explosion assessment carried out separately by other technical consultants. The ESAP remains valid for this project and will be ported across to the new agreements with the Company. The Company will be required to comply with the Bank's PRs provide annual reporting on environmental and social issues and progress made in implementing the ESAP
Vladimir Savic, email@example.com
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