Prva Group

Location:

Slovenia

Project number:

37365

Business sector:

Insurance, Pension, Mutual Funds

Notice type:

Private

Environmental category:

FI

Target board date:

06 Mar 2007

Status:

Complete

PSD disclosed:

02 Feb 2007

Project Description

The proposed EBRD financing consists of equity financing to support the expansion of PPD’s activities in the pension sector in the countries of South East Europe and the CIS.

Transition Impact

The project will have substantial transition impact by promoting the development of capital markets in the region, increasing the intermediation capacity of the financial sector and contributing to the implementation of a comprehensive pension reform.

The Client

PPD, a Slovenian company, is one of the largest pension fund managers in the country. Currently, PPD also has pension fund management operations in the FYR of Macedonia, in Kosovo and in Serbia.

EBRD Finance

Subscription by the Bank of up to 20% of the Company’s ordinary voting share capital.

Project Cost

EUR 35 million.

Environmental Impact

PPD will manage its investments in accordance with the EBRD’s Environmental Guidelines for Passive Investments which includes adherence to the Bank's Environmental Exclusion List, compliance with the applicable national environmental, health and safety and labour requirements, and submission of an Annual Environmental Report to the Bank.

Technical Cooperation

None.

Company Contact

dr. Alenka Žnidaršič Kranjc, CEO
Prva pokojninska družba d.d.
Želena cesta 18
1000 Ljubljana
Slovenia

T: +386 1 234 58 00
F: +386 1 436 1215

E-mail: alenka.znidarsic@prva.net

 

Business opportunities

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Text of the PIP

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