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Hellenic Dairies Group - Black Sea Expan

Bulgaria, Romania | Consumer Staples

Identification Code:: OP/15/0036
Total Operation Cost:: 50.000.000 EUR
Maturity:: 84 months
Operation Status:: BSTDB Approved Amount – Approval Date

28.000.000 EUR – 12 Feb 2016
: BSTDB Signed Amount – Signed Date

28.000.000 EUR – 29 Apr 2016
: Status:
Completed
Description and Purpose of the Operation:: Long-term corporate loan to finance the capital expenditure and associated working capital needs of Tyras Group's subsidiaries in Romania and Bulgaria
Countries of Operation:: Bulgaria (50,00%), Romania (50,00%)
Financial Product:: Loans
Sector:: Consumer Staples
Domain:: Private
Borrower/Client:: Fabrica de Lapte Brasov, Romania and Tyrbul SA, Bulgaria
Co-Financers/Participants:: International Investment Bank (IIB)
Guarantors/Sponsors:: Tyras Group S.A. Greece and Hellenic Dairies S.A. Greece
Developmental and Regional Cooperation Impact:: BSTDB participation in the Operation will help bring a positive social development impact by generating additional export and tax revenues, by contributing to the activities of a successful company/Group in Romania, Bulgaria and Greece and by promoting cooperation among member states via investments and exports.
Environmental Classification and Impact:: The operation has been screened according to the Bank's E&S screening procedures and assigned Category B. Manufacturing of dairy products and cheeses are normally associated with medium risks and impacts which are limited, unlikely to be significant, are site specific, and can be readily prevented and mitigated by adhering to generally recognized good performance standards and practices applied in the dairy industry.
Operation Leader:: General Industries, Transport, Tourism 2
E-mail:: gitt2@bstdb.org