UCSF: LDC Ukraine



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PSD disclosed:

08 Oct 2014

Project Description

The EBRD is considering provision of working capital financing to Louis Dreyfus Commodities Ukraine Ltd. The loan will finance Louis Dreyfus Ukraine’s merchandising of agricultural commodities.

Transition Impact

The proposed project is part of EBRD’s Ukrainian Corporate Support Program and Private Sector for Food Security Initiative.

The main impact from the project relates to the provision of necessary working capital to one of the major grain sourcing companies in Ukraine during times of local liquidity constraints in the country. In addition, the project is intended to safeguard transition impact from the existing operation of the EBRD with Louis Dreyfus Commodities Group in Ukraine which promotes market-based systems and enhances policy dialogues in the grain sector.

The Client

Louis Dreyfus Commodities Ukraine Ltd is a company existing and incorporated under the laws of Ukraine as an indirect subsidiary of Louis Dreyfus Commodities BV. The company operates in agricultural commodity sourcing, processing and merchandising, especially for grains.

EBRD Finance

Up to USD 25.0 million in a 1-year working capital facility.

Project Cost

Financing needs of the project fluctuate based on movement in commodity prices.

Environmental Impact

The project has been screened B. Louis Dreyfus Commodities (LDC) is well known to the Bank through previous transactions and the Company's management of environmental and social issues has always proved satisfactory to the Bank. LDC is in the process of rolling-out of a comprehensive world-wide Safety, Health and Environment (SHE) Management System with core elements on Leadership, Plant Inspections, Accident Investigations, Emergency Planning, Rules and Regulations, Training, Use of Personal Protective Equipment (PPE), Industrial Hygiene and Occupational Health, and Engineering Controls. EBRD has discussed the development and application of this system with the Company a number of times and is monitoring the progress of the Company on implementing its commitments under this. Full application of the system will ensure that the activities of the Company meet the Bank’s Performance Requirements. The Company will continue to provide the Bank with annual reporting on environmental and social issues associated with its operations.

Technical Cooperation


Company Contact

Louis Dreyfus Commodities Suisse S.A.
Hervé Sahores
Head of Treasury & Financing - Europe & Black Sea
29, route de l’Aeroport, PO Box 236
CH-1215 Geneva 15

Tel: +41-22 799 26 66
E-mail: herve.sahores@ldcom.com


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

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Text of the PIP

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