Project number:


Business sector:


Notice type:


Environmental category:


Approval date:

12 Dec 2006



PSD disclosed:

03 Nov 2006

Project Description

The proposed project will consist for the Bank in providing debt and quasi-equity financing to BIH (Eastern) Limited (the Company) and one of its subsidiaries (on co-borrowers basis) to support the restructuring and development of its activities across countries of the former Soviet Union. The Bank's investment will enable potential acquisitions, as well as the rationalisation and improvement of efficiencies and synergies within existing operations of the Company.

Transition Impact

The transition impact of the project is expected to be high and will derive primarily from significant corporate governance improvements and strong upstream and downstream linkages.

The Client

The Company is the holding company for investments in the beer industry in FSU countries.

EBRD Finance

Up to USD 15 million senior loan and up to USD 1 million quasi-equity investment.

Project Cost

USD 57 million.

Environmental Impact

The project has been screened C/1 requiring an environmental audit of the company's beer operations. Following completion of due diligence, any resulting recommendations will be formulated into a time-bound, costed environmental action plan ("EAP"). The aim of the EAP will be to ensure compliance with relevant national environmental standards, EU environmental standards and any other relevant good international practice. The company will be required to provide the Bank with an annual environmental report on the implementation of the EAP and any other environmental matters. This PSD will be updated following completion of environmental due diligence to include summary information on the EAP and any other environmental actions agreed with the company.

Technical Cooperation


Company Contact

EBRD Contact : Victoria Zinchuk, 0207 338 7757


Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

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