Soufflet Grain Financing



Project number:


Business sector:


Notice type:


Environmental category:


Approval date:

31 Oct 2018



PSD disclosed:

30 Aug 2018

Translated version of this PSD: Bulgarian | KazakhPolish | Romanian | Russian | Serbian | Ukrainian

Project Description and objectives

Provision of a multi-currency working capital loan (Loan) to subsidiaries of the Soufflet Group (Soufflet or Group) involved in the origination, storage, processing (i.e. malting) and trading of agricultural commodities. The proceeds of the Loan will be used by the subsidiaries of the Group in Ukraine, Poland, Romania, Bulgaria, Kazakhstan, and Serbia (CoO).

Transition Impact

Transition impact of the transaction will be derived from:

(i) the Competitive quality: by improving the quantity of grain sourced and number of suppliers in EBRD countries of operations, in particular in Ukraine, Romania and Bulgaria, and

(ii) the Well-governed quality by assessing, improving and certifying the CSR Management System of all Soufflet subsidiaries engaged in collection and trading of agricultural commodities in EBRD
countries of operations.

Client Information


SNC Soufflet Finances, Soufflet Agro Polska, and Soufflet Agro Ukraine are 100% subsidiaries of the Group. Soufflet is a diversified agribusiness group based in France, engaged in malting, milling,
trading, agricultural inputs distribution, as well as bakery business.

EBRD Finance Summary

EUR 35,000,000.00

Environmental and Social Summary

Category B (2014 ESP). The environmental and social (E&S) risks associated with the origination, storage, transport and processing of agricultural commodities are site specific and can be managed by the implementation of standard industry practice. Soufflet is well known to the Bank and has a record of implementing projects in line with the Bank's Performance Requirements. E&S due diligence for this transaction is on-going and has included a desktop review of Soufflet's E&S policies, annual E&S reporting, completion of a corporate level E&S DD Questionnaire and a site visit by the Bank specialists to the Slavuta facility in Ukraine. This PSD will be updated, including summary information on any environmental or social actions that have been agreed with the Group, once the due diligence process is complete.

Technical Cooperation

The Project will have a Technical Cooperation (TC) component provided by the Japan-EBRD Cooperation Fund under the "Project Preparation Support Programme for Agribusiness Projects in Ukraine". The TC funds will partially cover the legal due diligence costs.

Company Contact Information

Mr. Olivier Gallay
+33 325 39 41 11

Business opportunities

For business opportunities or procurement, contact the client company.

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General enquiries

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