Nectar

Location:

Serbia

Project number:

37990

Business sector:

Agribusiness

Notice type:

Private

Environmental category:

C

Approval date:

24 Jul 2007

Status:

Completed

PSD disclosed:

30 May 2007

Project Description

The Bank’s financing will consist of up to EUR 10 million in the form of a senior secured long-term debt. EBRD funds will be used for further expansion of the Company's business, especially the expansion of the direct distribution network, accompanied with related advertising costs as well as for the optimisation of financing costs to provide a stable capital base and allow reserves for further growth.

Transition Impact

Development of distribution network accompanied with brand development of locally produced products and improvement of funding base are the main objectives of the Project. Through success of the Project, the Company will further develop backward linkages with farmers, particularly in less developed regions. Successful implementation of the Project will lead to greater penetration of the local market and assist the Company in concurring export markets.

Through further development of distribution and logistics as a result of the Project, the Company will be in better position to pass good practice through to distributors and buyers (and may encourage similar practices by the competition).

 

The Client

Nectar is a limited liability company incorporated in Serbia. The Company has developed several production programs, in which the production of fruit juices and nectars has priority, and the production of fruit marmalades, syrups, fruit brandies, apple vinegar and vegetable products follows.

EBRD Finance

EUR 10 million long-term loan.

Project Cost

EUR 50 million.

Environmental Impact

The project is screened C/1 and is likely to result in minimal adverse environmental impacts. The environmental questionnaire prepared by ED has been sent to the sponsors. Based on the questionare results, ED will decide whether further due diligence is necessary or not.

Technical Cooperation

None.

Company Contact

Bojan Radun, Nectar d.o.o Novi Sad, Serbia
Tel: + 381 21 630 21 75
E-mail: bojan.radun@nectar.co.yu

 

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

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