Yug Rusi

Location:

Russia

Project number:

36717

Business sector:

Agribusiness

Notice type:

Private

Environmental category:

B

Target board date:

11 Jul 2006

Status:

Complete

PSD disclosed:

07 Apr 2006

Project Description

The proposed project is an up to USD 200 million long-term secured, syndicated corporate loan to the client. Proceeds of the loan could be used to finance selected investments aimed at improving the company’s competitiveness as well as extend its current debt portfolio and are still subject to finalisation.

Transition Impact

Transition impact potential is expected to be good and to derive from backward linkages as well as enhanced competition in the market.

The Client

Yug Rossii LLC (the “Company” or “Yug Rusi”), the holding company of the leading Russian edible oil market player and agricultural commodities trader.

EBRD Finance

Up to USD 200m long-term secured corporate loan to Yug Rusi and selected subsidiaries of the Company on a joint and several basis. The loan will comprise of a:

  • A loan of USD100 million for the account of the Bank; and
     
  • B loan of USD100 million for the account of a leading international bank mandated to co-arrange and underwrite the B Loan.

Project Cost

USD 367 million.

Environmental Impact

Screened C/1.

An independent consultant has been engaged by the Client to conduct an environmental review of the Company’s operations as per terms of reference prepared by the Bank. The conclusions of the Phase 1 of the review - Environmental, Health and Safety Audit have been shared with ED on a draft basis and are being finalised. The environmental, health and safety assessment of the Project itself is yet to be completed. It is proposed that, by Final Review, the consultant has completed environment, health and safety due diligence, submitted a draft Final Report including an environmental action plan with estimated costs and implementation schedule. The Client shall release a brief summary of the project, including expected impacts and required mitigation measures, locally to affected stakeholders prior to Final Review.

Technical Cooperation

None.

Company Contact

Nelly Subbotina, CFO:

Tel.: +7 (8632) 950097

E-mail: subbotina@yugrusi.rt.ru

 

 

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

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

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.