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

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Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

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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.