EFKO

Location:

Russia

Project number:

41033

Business sector:

Agribusiness

Notice type:

Private

Environmental category:

IEE

Status:

Cancelled

PSD disclosed:

01 Jun 2010

Translated version of this PSD: Russian
 

Project Description

The EBRD is considering providing a RUB 1.6 billion senior loan to EFKO Group, a leading Russian agribusiness company based in the town of Alekseevka in the Belogrod region. The Project will involve the financing of a CAPEX program, balance sheet restructuring and the provision of permanent working capital.

Transition Impact

The sources of Transition impact will be:
1. Improvements in corporate governance;
2. New product introduction’
3. Backward linkages to primary agricultural producers.

The Client

EFKO group is one of the leading Russian agribusiness companies, active in the production and distribution of special purpose fats, packed vegetable oils, mayonnaises, as well as grain trading.

EBRD Finance

Senior long term loan in the amount of RUB 1.6 billion.

Project Cost

RUB 1.6 billion.

Environmental Impact

Tbc.

Technical Cooperation

None

Company Contact

For information regarding this project of client please contact Vladimir Savic at savicv@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

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

Share this page: