📋 Tender Overview
Location: Latvia
Project number: 55277
Business sector: Agribusiness
Notice type: Private
Environmental category: B
EBRD Finance Summary: EUR 25,000,000.00
Total Project Cost: EUR 135,000,000.00
Project Description
The transaction envisages providing a long-term loan of up to EUR 25 million to Food Union Europe (the "Company"). The EBRD loan would be part of the EUR 135 million club financing structure alongside other local or international lenders to be used for refinancing its existing financial obligations and providing necessary working capital funding.
Project Objectives
The main objective of the project is to support the Company in its next growth phase, providing access to working capital funding, and in turn leading to improved financing structure allowing the Company to invest in sustainability, productivity, and efficiency improvements.
Transition Impact
ETI score: 61
The expected transition impact of the project is "Resilient" as the primary quality and "Inclusive" as the secondary quality.
Resilient: The project will support the Company to raise a more efficient funding structure and sustain its access to working capital needs.
Inclusive: The project will support human capital development through developing a mentorship program delivering technical logistics skills in partnership with external providers.
