Agri Europe Ukraine
06 May 2015
05 Mar 2015
Translated version of this PSD: Ukrainian
The EBRD is providing debt financing of up to €120m in the form of two senior long-term loans to the Agri Europe subsidiaries in Serbia and Ukraine, in order to strengthen the Group’s balance sheet and diversify its operations.
The financing package will consist of:
a syndicated loan of up to €109m to Agri Europe Serbia;
and a parallel loan of up to €11m to Agri Europe Ukraine provided by EBRD.
The Transition Impact potential of the proposed project will derive from:
Market expansion through development of backward linkages with supplier farms in Serbia
Demonstration effect generated through the financing of a modern greenfield apple orchard and through introduction of quality labelling, initially in the meat sector
Expansion of the ongoing policy dialogue activities in the meat sector in Serbia
Agri Europe is a large diversified agribusiness group which consolidates sugar, meat processing, trading and farming businesses, mainly in Serbia and a smaller investment in Ukraine.
Up to €120m in the form of a syndicated loan facility of up €109m and an EBRD loan of up to €11m
Total project cost
Up to €120 million.
The project was categorised B following the due diligence undertaken by a staff member from EBRD’s Environment and Sustainability Department as well as subsequent meetings with key management to review the Company’s environmental and health and safety management systems. Based on the due diligence an Environmental and Social Action Plan (ESAP) will be developed to ensure the company's compliance with the Banks Performance Requirements for environment, health and safety and labour. The company will provide the Bank with regular reporting on the implementation of the ESAP and EBRD staff will monitor Environmental and Social performance for the lifetime of the project.
The Project will be supported by the following TCs:
Policy Dialogue in the Meat and Dairy sub-sectors in Serbia.
Improving Food Quality and Safety Standards in Serbia's Meat Sector. The use of TC Funds will contribute to upgrading the quality and safety standards in Serbia’s meat sector.
The aim of the TC project is to enable the EBRD to engage in policy dialogue in the dairy and meat sub-sectors in Serbia with the overall goal of enabling specific policy reforms in these subsectors.
For business opportunities or procurement, contact the client company.
For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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Text of the PIP