BIH

Location:

Regional

Project number:

37343

Business sector:

Agribusiness

Notice type:

Private

Environmental category:

C

Approval date:

12 Dec 2006

Status:

Completed

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

None.

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
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

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 (pcm@ebrd.com) 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.

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