Axzon Corp Loan (IFC-37858)

  • Poland
Where the impacts of the investment may be experienced.
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
Bank Risk Rating
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
Jun 2, 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.
The holder of the loan, grant, or other investment.
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 18.40 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 214.20 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 29, 2017

Disclosed by Bank Mar 22, 2016

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Project Description
The proposed project is to support the further development of the Slaughterhouses in Poland and Ukraine and for the latest acquired farms in Poland, and the continuation of Axzon's work on achieving minimal carbon emission balances for its operations outside Poland. In this respect Axzon has already achieved a zero balance on its corporate carbon footprint in Poland as certified by TUV Rheinland of Germany according to ISO 14064-3. According to bank documents, Axzon currently has more than 30 pig production farms in Northwestern Poland, around 10 in Western Ukraine, two in Russian, a slaughtering and meat processing facility in Poland and a part of a smaller specialty slaughtering facility in Jutland, Denmark. The company also operates numerous biogas plants in Poland and Ukraine as well as arable land in both Poland, Ukraine and Russia.
Investment Description
The project sponsor is Axzon, an international company with over 20 years’ history and has been a top producer in Poland and Ukraine. Axzon is 84.67% owned by Polen Invest A/S, an investment holding vehicle of a group of 90 Danish farmers, 6.97% owned by IFC, 3.91% owned by Mr. Tom Axelgaard, Axzon’s founder and CEO, through Axelgaard Holding, and the remainder 4.45% is ultimately owned by Danish farmers and their families (76 in total).

Contact Information
Tom Axelgaard Axzon A/S Birk Centerpark 40 Herning 7400 Denmark Email: Telephone: +45 7652 2000 Fax: +45 7652 2001 ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at