Original disclosure @ IFC website
Updated in EWS Mar 26, 2019
Disclosed by Bank Mar 12, 2019
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The proposed investment consists of a EUR 20 million financing to Soufflet Malting Ethiopia PLC (“Soufflet Ethiopia” or the “Company”), a 100% subsidiary of Soufflet. The project will directly support the Group’s strategy in Africa to build and operate a malting facility in Ethiopia with a total output capacity of 110K tpa (the “Project”).
Soufflet is a French family-owned agri-food group of international scope with a presence in 19 countries. It operates in the barley, wheat and rice and pulses sectors and advises and provides support for wine growers. The group is the leading family-owned direct buyer of cereals in Europe, and also operates in the international cereal markets through its subsidiary Soufflet Négoce. In the barley sector, it is one of the world’s top malt producers, with a presence in Europe, Asia, and South America. In wheat, it is one of Europe’s leading millers and an expert in developing tailor-made ingredients. The Group also develops and manufactures enzymes and yeasts and is a significant player in the bakery food industry in France and Portugal, and is also active in the fast food sector. The Soufflet Group invests in research and innovation to enhance the value of agricultural resources.
Overseas Countries Manager - Malting
+ 33 (0) 3 25 39 41 11
Ets J. Soufflet Quai Sarrail - 10402 Nogent sur Seine, France
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