DIF - Minii Delgur

Location:

Mongolia

Project number:

37991

Business sector:

Agribusiness

Notice type:

Private

Environmental category:

C

Status:

Completed

PSD disclosed:

06 Nov 2007

Project Description

The proposed project is intended to support the Company's expansion plan by financing construction of two hypermarkets in Ulaanbaatar.

Transition Impact

The Bank’s finance will support the development of the Mongolian retail sector with improved access for the consumer to an efficient, competitive, affordable and hygienic shopping environment. The project also supports improvements in corporate governance and transparency as well as improved operational efficiency in a successful Mongolian company.

The Client

The Monkhangai Group, owner of the Minii Delguur supermarkets in Mongolia, the leader in the retail business in Mongolia.

EBRD Finance

Equity investment of up to USD 9 million for up to 30% of share capital of the company.

Project Cost

USD 9 million.

Environmental Impact

The project is screened C/1 and is likely to result in minimal adverse environmental impacts. A review of the company’s approach to environmental, occupational health and safety and labour management is currently being undertaken. If, upon completion of due diligence, it is deemed necessary an Environmental Action Plan will be agreed with the company to bring their operations into line with national and EU standards for environment and health and safety. This section will be updated upon completion of due diligence.

Technical Cooperation

Technical cooperation funds, arranged by the Bank, were provided for a study of the Mongolian retail sector and to help the client defining the development plan consistent with the requirements and limitations of the Mongolian food retail environment. Further funds may be sought from the Mongolian Medium and Small Enterprise Framework funded through the Mongolia Cooperation Fund to support the implementation of the project.

Company Contact

Company contact: S. Sergelen - sergelen_mgl@yahoo.com / www.minii-suljee.mn; tel. +976 11 680280
Bank contact: Miljan Zdrale – zdralem@ebrd.com

 

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.

Share this page: