Epicentr Group Companies Tender

Identification Code OP180054Maturity 84 monthsOperation Status BSTDB Approved Amount 70.000.000 USD Approval Date 09 Apr 2019BSTDB Signed Amount 70.000.000 USD Signed Date - 10 Dec 2019Status ActiveDescription and Purpose of the OperationA long-term loan to Epicentr Group Ukraine to partially finance the Groups corporate development program for 2019-2021. The BSTDB funds will support the development of the agriculture business of the Group. More specifically the loan proceeds will be used to finance construction of 3 new and modernization of 4 existing grain silos and purchase of agricultural machinery.Countries of Operation Ukraine 10000 Financial Product LoansSector Consumer DiscretionaryDomain PrivateBorrowerClient Renvior Trading Limited Cyprus and Epicentr K LLC Ukraine.Developmental and Regional Cooperation ImpactThe Operation will contribute to investment in agribusiness in Ukraine an industry with clear competitive advantage of the country. It will lead to upgrade and extension of production assets creation of new jobs and mobilization of tax revenues. In addition it is estimated to increase export potential of Ukraine including growth of agricultural commodity trading within BSTDB area and beyond.Environmental Classification and Impact summaryThe Operation is associated with various ES issues common for the sector. The risks and impacts are normally site-specific of medium and sometimes of high significance limited in nature and which can be readily managed by adhering to good practices and standards widely applicable in the agribusiness industry.Other ownerEpicentr K LLCBerkovetska St.6aKyiv 04128Ukraine Tel 380 44 5945050Fax 380 44 5612751httpwww.epicentrk.ua