Kernel Group

Location:

Ukraine

Project number:

50363

Business sector:

Agribusiness

Notice type:

Private

Environmental category:

B

Target board date:

12 Dec 2018

Status:

Signed

PSD disclosed:

19 Jul 2018

Translated version of this PSD: Ukrainian

Project Description

Selected long-term agribusiness infrastructure investments.

Project Objectives

The Project will support Kernel Group in implementing its sustainability strategy.

Transition Impact

The Project is expected to have a significant transition impact under the "Green" quality, as it will increase sustainability of the Group's operations.

Client Information

Kernel Group is a leading Ukrainian vertically-integrated agribusiness, engaged in oilseed crushing, grain trading, crop farming, transhipment, and silo services.

EBRD Finance Summary

USD 48,000,000.00

Total Project Cost

USD 110,000,000.00

Environmental and Social Summary

Categorised B (ESP 2014). The Bank has undertaken environmental and social due diligence on the Group in the context of previous projects which has demonstrated compliance by the Group with both national environmental and social regulatory requirements and the Bank's Performance Requirements (PRs). In the context of this new transaction, further environmental and social due diligence will be undertaken to likewise review the project against the Bank's PRs and ensure that the project is structured to meet those.

Technical Cooperation

None

Company Contact Information

Michael Vrabel
+380 44 461-88-08
https://www.kernel.ua/

Business opportunities

For business opportunities or procurement, contact the client company.

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Email: procurement@ebrd.com

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Text of the PIP

Project Complaint Mechanism (PCM)

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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.