Project description
and objectives:
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The proposed project will consist for the Bank in providing debt and
quasi-equity financing to BIH (Eastern) Limited (the Company) and one of its
subsidiaries (on co-borrowers basis) to support the restructuring and
development of its activities across countries of the former Soviet Union. The
Bank's investment will enable potential acquisitions, as well as the
rationalisation and improvement of efficiencies and synergies within existing
operations of the Company.
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Transition impact:
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The transition impact of the project is expected to be high and will derive
primarily from significant corporate governance improvements and strong
upstream and downstream linkages.
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The client:
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The Company is the holding company for investments in the beer industry in FSU
countries.
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EBRD finance:
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Up to USD 15 million senior loan and up to USD 1 million quasi-equity
investment.
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Total project cost:
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USD 57 million.
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Environmental impact:
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The project has been screened C/1 requiring an environmental audit of the
company's beer operations. Following completion of due diligence, any
resulting recommendations will be formulated into a time-bound, costed
environmental action plan ("EAP"). The aim of the EAP will be to ensure
compliance with relevant national environmental standards, EU environmental
standards and any other relevant good international practice. The company will
be required to provide the Bank with an annual environmental report on the
implementation of the EAP and any other environmental matters. This PSD will
be updated following completion of environmental due diligence to include
summary information on the EAP and any other environmental actions agreed with
the company.
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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 : Victoria Zinchuk, 0207 338 7757
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EBRD contact:
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Antoine Deroide, Operation Leader: deroidea@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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