Project description
and objectives:
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A proposed investment in Hansa Leasing Russia (HLR), including up to EUR 6 million equity investment and a loan of up to USD 25 million for the account of the EBRD. The leasing company would be established under the laws of Estonia and would provide leasing services in Russia.
The proceeds of the investment would be used by HLR to provide lease financing to its clients in Russian Federation, in particular in transit sector.
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Transition impact:
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The investment would support the development of leasing in Russia, by setting up a greenfield operation that has the capacity to finance "big-ticket" leases. It would provide financing for the renewal of wagon stocks in the Russian railway, filling an important gap in the replacement of rolling stock and thus assisting private railway operators. It would also provide financing for port equipment, enabling the private port operators to offer higher levels of service, thus increasing the opportunities for Russian exports.
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The client:
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HLR will be 75% subsidiary of Hansa Capital (HC), the largest leasing and factoring company in the Baltic states. HC is a 100% subsidiary of Hansapank, Estonia.
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EBRD finance:
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Total investment of around EUR 31.8 million would include:
- An equity investment of up to EUR 6 million to represent 25% of the shares and voting rights in HLR.
- A senior loan of up to USD 25 million in three tranches with the maturity of five years for each tranche.
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Total project cost:
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EUR 31.8 million
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Environmental impact:
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HLR would ensure that transactions do not involve goods or activities listed on the EBRD’s Environmental Exclusion List for financial intermediaries, and that all leased assets meet, at a minimum, Russian health, safety and environmental regulations and standards.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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EBRD contact:
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Nicholas Kerigan, Operation Leader: kerigann@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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