Bauducco III (IFC-37708)

Countries
  • Brazil
Where the impacts of the investment may be experienced.
Specific Location
Extrema, Minas Gerais
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 21, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Pandurata Alimentos Ltda.
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Project Cost (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 16, 2017

Disclosed by Bank Feb 1, 2016


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Project Description
Bauducco is currently carrying out an investment program that includes the capacity expansion and modernization of its plants. IFC’s eight-year financing will help Bauducco to accomplish that plan, investing in new technologies and innovative products, and to strengthen its capital structure. It will also support the growth of the food and beverages sector, which accounts for 9% of Brazil’s Gross Domestic Product (GDP) and employs over 1.7 million people.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
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