OBOLON PHASE II

Location:

Ukraine

Project number:

35204

Business sector:

Agribusiness

Notice type:

Private

Environmental category:

C

Approval date:

14 Nov 2000

Status:

Complete

PSD disclosed:

12 Nov 2004

Project Description

The proposed project will help Obolon finance its working capital needs, especially the storage of the stocks of barley in grain warehouses for subsequent processing into malt.

Transition Impact

The transition impact of the Project will be in the active promotion of warehouses receipts (WHRs) as a viable instrument of financing stocks of agricultural commodities. As WHRs provide superior security to lenders over the existing documents (the warehouse ticket), if local banks will use it extensively, it should lead to lower lending margins to agricultural producers and processors.

The Client

Obolon is a leading Ukrainian independent brewing company. Its beer brand is one of the most recognised consumer-goods brands in Ukraine. In 2003, it brewed and sold more than 4 million hectolitres of beer with significant export to Russia and other countries. 

EBRD Finance

Up-to $12m, three year revolving credit facility.

Project Cost

n/a

Environmental Impact

This project is Screened C/0. 
The purchase and storage of agricultural commodities is not generally associated with significant environmental, health or safety risks and Obolon is well-known to the Bank through previous operations with the Company. An environmental analysis and audit were conducted for the Bank's first project and an environmental action plan was developed and agreed with the Company.  The EAP has since been completed by the Company which continues to provide the Bank with annual environmental reports. These reports have always been satisfactory to the Bank and demonstrate the Company's continued compliance with both national and European Union standards for environment, health and safety. 

Technical Cooperation

None.

Company Contact

Elena Peresada
E-mail: helena@kiev.obolon.ua
 

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

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