| Project Detail |
PROJECT DESCRIPTION This financing will enable the group (i) to increase the capacity and storage quality of two of its agribusiness subsidiaries in Brazil and Vietnam, (ii) to back up its group working capital with long-term resources and (iii) ) have subordinated medium-term resources that are not widely available in local and regional banking markets. The project involves the construction of warehouses in the port areas of Phu My in Vietnam and Imbituba, Brazils secondary port, which aims to become a new regional export hub. IMPACT OF THE PROJECT The project will positively impact the port infrastructure of Vietnam and Brazil, in terms of capacity, quality and storage safety, thanks to better equipment. It will also create or maintain 180 local jobs (120 in Brazil and 60 in Vietnam). Finally, the project will contribute (i) to public revenues via the payment of EUR 525 k of taxes over the next five years and (ii) to the GDP of the two countries to the tune of EUR 1.9 m per year in total. |
