Project number:


Business sector:


Notice type:


Environmental category:


Approval date:

02 Oct 2012



PSD disclosed:

17 Aug 2012

Translated version of this PSD: Ukrainian

Project Description

The EBRD is considering providing up to US$ 25 million debt financing to Inter Group to support the development and further vertical integration of the Company’s business in Ukraine. Investments will be made in the upgrades and expansion of the existing production facilities, the construction of a premixes plant and the restructuring of balance sheet.

Transition Impact

The Transition Impact potential of the Project will derive from:

  • Setting standards for corporate governance and business conduct through introduction of best practices in areas of corporate governance and environment standards through implementation of extensive Corporate Development plan and ESAP;
  • Demonstration of new products and processes by introduction of high value-added products - high quality premixes for animal feed;
  • Energy efficiency effect from reconstruction of the existing poultry houses and replacement of the inefficient outdated equipment.

The Client

Inter Group, a vertically integrated group of companies, is one of the largest eggs and compound feed producer in Ukraine. The Group is also involved in import and trading in veterinary medicines and animal feed additives.

EBRD Finance

Up to US$ 25 million debt financing.

Project Cost

US$43 million.

Environmental Impact

The project was subject to an Initial Environmental and Social Examination (IESE) to decide the category of the project and, following a site visit by EBRD, was finally categorised “B”. Environmental and social due diligence was then undertaken by third-party experts against a Terms of Reference drafted by the Bank covering a selection of six facilities operated by Inter Group. The due diligence demonstrated that facilities are generally well managed and run, although a number of issues were revealed in terms compliance with both the national requirements and the best practice. Actions to address these issues have been integrated to the environmental and social action plan (ESAP) including:

  • The development and implementation of a total quality management system including relevant aspects of ISO 9001, 14001, 22000 and OHSAS 18001;
  • The development of waste management plans to improve housekeeping arrangements across all sites;
  • The improvement of health and safety management through a variety of actions addressing explosion risk from dust, noise, facility management and the undertaking of repetitive tasks by staff;
  • A review of emergency procedures;
  • Implementation of a Stakeholder Engagement Plan.

The audit team included an animal welfare expert who observed that animals were generally in good condition with evidence of high levels of animal welfare. A number of recommendations have been made to align the Group’s practices with the European standards and these have been integrated into the ESAP.

The ESAP is designed to ensure that the project will comply with the Bank’s Performance Requirements and due diligence indicates that the Company has the capacity to implement the ESAP. The Bank will monitor the implementation of the ESAP through annual reporting by the Company and the undertaking of sites visits as and when deemed necessary.

Technical Cooperation


Company Contact

Name: Maxim Gerashchenko
E-mail: max@inter.zp.ua


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

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