Astarta IV (IFC-40716)

Countries
  • Ukraine
Where the impacts of the investment may be experienced.
Specific Location
Kiev, Poltava, Kharkiv, Vinnitsa, Khmelnitskiy
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
Proposed
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 15, 2018
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
ASTARTA-KYIV,TOV
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • 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.
Investment Amount (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Mar 1, 2018

Disclosed by Bank Feb 8, 2018


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Project Description

This project provides financing to Astarta, a primary agriculture producer in Ukraine, for improvements in resource efficiency in the company's factories, and the development of the farming and trading of grains and oilseeds through funding farming equipment and storage.

Investment Description
  • International Finance Corporation (IFC)
Private Actors

Mr. Victor Ivanchyk, the founder and the CEO of Astarta, owns 36% of the interest in the Company. The second major shareholder is Fairfax, a Canadian insurance broker, owning 28% of the Company. The rest is a free-float on WSE.

Contact Information

Astarta 
Vyacheslav Chuk 
Head of Credit Department 
+380445931105 
vchuk@astarta.ua 
04070, Kiev, Pochayninska str., 38/44 
http://www.astartakiev.com 

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 CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/