HANSA LEASING RUSSIA (DEBT & EQUITY)

Location:

Russia

Project number:

29551

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Approval date:

22 Oct 2002

Status:

Completed

PSD disclosed:

20 Sep 2002

Project Description

A proposed investment in Hansa Leasing Russia (HLR), including up to EUR 6 million equity investment and a loan of up to USD 25 million for the account of the EBRD. The leasing company would be established under the laws of Estonia and would provide leasing services in Russia.
The proceeds of the investment would be used by HLR to provide lease financing to its clients in Russian Federation, in particular in transit sector.
 
 

Transition Impact

The investment would support the development of leasing in Russia, by setting up a greenfield operation that has the capacity to finance "big-ticket" leases. It would provide financing for the renewal of wagon stocks in the Russian railway, filling an important gap in the replacement of rolling stock and thus assisting private railway operators. It would also provide financing for port equipment, enabling the private port operators to offer higher levels of service, thus increasing the opportunities for Russian exports.

The Client

HLR will be 75% subsidiary of Hansa Capital (HC), the largest leasing and factoring company in the Baltic states. HC is a 100% subsidiary of Hansapank, Estonia.

EBRD Finance

Total investment of around EUR 31.8 million would include:
  • An equity investment of up to EUR 6 million to represent 25% of the shares and voting rights in HLR.
  • A senior loan of up to USD 25 million in three tranches with the maturity of five years for each tranche.

Project Cost

EUR 31.8 million

Environmental Impact

HLR would ensure that transactions do not involve goods or activities listed on the EBRD’s Environmental Exclusion List for financial intermediaries, and that all leased assets meet, at a minimum, Russian health, safety and environmental regulations and standards.

Technical Cooperation

None.

Company Contact

 

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)

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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.

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