| Project Detail |
Location:
Ukraine
Project number:
54136
Business sector:
Agribusiness
Notice type:
Private
Environmental category:
B
Approval date:
14 Dec 2022
Status:
Approved
PSD disclosed:
10 Feb 2023
The Project comprises financing of MHPs seasonal working capital needs for its edible oil crushing segment in Ukraine.
Project Objectives
The main objective of the Project is to enable sufficient financing to cover the procurement and accumulation of sunflower seeds for crushing into oil for subsequent export.
Transition Impact
ETI score: 70
Primary Quality Resilient:
The Project will increase MHPs resilience by supporting it to continue sunflower oil production, which is essential for food security.
Secondary Quality Inclusive:
The Project will help to preserve MHPs human capital and the livelihoods of its employees and oilseeds suppliers in Ukraine.
Client Information
MHP FOOD TRADING LLC
MHP Group is one of the leading grain, poultry and edible oils producers in Ukraine and Southeastern Europe. The Group operates three sunflower crushing plants in Ukraine. MHP Food Trading LLC (the "Borrower") is an MHP Group subsidiary, incorporated in the United Arab Emirates, and is the Groups trading arm for sunflower oil produced by Ukrainian companies of the Group. The Borrower will channel the Loan proceeds down to MHPs subsidiaries in Ukraine to purchase sunflower seeds for further processing into sunflower oil for export.
EBRD Finance Summary
USD 90,000,000.00
Total Project Cost
USD 100,000,000.00 |
