📋 Tender Overview
Project Number: 49140
Company Name: Building Logistics S.A
Date SPI Disclosed: May 3, 2024
Country: Morocco
Region: North Africa and Horn of Africa
Projected Board Date: Jun 7, 2024
Environmental Category: B
Status: Pending Approval
Department: Regional Industry - INF Africa
Industry: Infrastructure
Sector: Storage (Including Agricultural Products)
Project Description
The proposed transaction is an equity investment of up to US$36 million in primary common shares of Building Logistics S.A ( BLS or the Company ). BLS is a logistics service provider in Morocco and a subsidiary of H&S Invest Holding, a diversified family-owned holding company operating in FMCG, logistics, pharmaceuticals, media communication and real estate. The Company has ambitious growth plans to become a leading third-party logistics ( 3PL ) services provider in the country. IFC’s proposed investment will be used to finance BLS growth investments consisting of (i) bolt-on acquisitions of identified logistics service providers, warehouse facilities and other facilities for the group in Morocco, and (ii) a capex plan to expand BLS’ existing warehouse facilities and construct greenfield warehouse facilities and logistics platforms in various large cities of the country (the Project ).
Total Project Cost and amount and nature of IFC's Investment: The total Project cost is approximately US$210 million. IFC is considering an equity investment of up to US$36 million.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
