VIOIL

Location:

Ukraine

Project number:

47167

Business sector:

Agribusiness

Notice type:

Private

Environmental category:

B

Approval date:

27 May 2015

Status:

Complete

PSD disclosed:

07 Apr 2015

Translated version of this PSD: Ukrainian

Project description and objectives

The EBRD is providing debt financing of up to US$ 40 million in the form of a syndicated senior secured revolving credit line to the Vioil Group, in order to finance its working capital needs associated with the purchase of sunflower, rape seeds and soya beans, and their primary processing into edible oil.

Transition impact

The Transition Impact potential of the proposed project will derive from:

  • Demonstration of new replicable behaviour and activities
  • Market expansion
  • Corporate Standards for Resource Efficiency

The client

Vioil Group is one of the largest sunflower oil producers and exporters in Ukraine.

EBRD finance

Up to US$ 40 million in the form of a syndicated loan facility

Total project cost

Up to US$ 40 million.

Environmental and social categorisation, impact, and mitigation

Category B.

The project is categorised B in accordance with the Bank’s Environmental and Social Policy 2014. Environmental and social due diligence (ESDD) has been undertaken by the Bank's Environment and Sustainability Department based on a review of the Company's corporate management systems and relevant information provided by the Company as well as a site visit and discussions with the Company's personnel. The ESDD confirmed that the Company has adequate corporate systems in place to manage their environmental, health and safety (EHS) issues and that at both the corporate and site level the Company is substantially compliant with local EHS regulatory requirements. The ESDD also identified some areas for further improvement, which have been addressed in the Environmental and Social Action Plan (ESAP) agreed with the Company.  The project will be monitored in terms of its environmental and social performance and implementation of the ESAP through annual environmental and social reports as well as site visits when deemed necessary.

Company contact

Alla Vlasyk, CFO

Tel/fax: 38 (0432) 509-600, 38 (0432) 509-601
Email: allavls@VPRK.COM

 

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)

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

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