Translated version of this PSD: Serbian
Adriatic Co-Investment LP, a limited partnership, for the equity investment and Adriatic TopCo B.V., a limited liability entity, for the subordinated debt. Both entities will be managed directly and indirectly by the “Sponsor” in relation to the acquisition and management of the “Balkan Group”.
Up to EUR 60.0 million of subordinated debt and EUR 20.0 million of ordinary equity.
The Project has been Categorised B in accordance with the EBRD’s 2008 Environmental and Social Policy (ESP) and E&S Due Diligence (ESDD) has been undertaken by independent consultants on behalf of the Sponsor. ESDD included visits by the consultant to a selection of the Balkan Group’s assets and document review to assess the current and historical operating performance of the business units of the Balkan Group that will make up the holding. EBRD requested additional detailed ESDD to further understand the E&S risks for the Bank associated with the proposed transaction and the ability of the Parent to meet the Bank’s E&S Performance Requirements (PRs). At the conclusion of the ESDD a detailed E&S Action Plan (ESAP) was developed and will be incorporated into the financing agreements for the Parent to implement during and following the completion of the formation of the Parent.
The three separate business units will be combined and synergised, where possible, and the ESAP includes a number of items at a corporate level to centralise the E&S management functions to ensure consistent operating performance across the portfolio. Several of the operations already broadly meet the Bank’s PRs while others have a number of corrective measures to implement, as detailed in the ESAP, so that the Project is structured to meet the PRs.
Mr Andrej Babache
Director, Mid Europa Partners
South West House
11a Regent Street
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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
Project Complaint Mechanism (PCM)
The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.
Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (firstname.lastname@example.org) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.