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.
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.
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.
Up-to $12m, three year revolving credit facility.
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.
For business opportunities or procurement, contact the client company.
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