Bauducco Growth (IFC-40796)

Countries
  • Brazil
Geographic location 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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
May 30, 2018
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Pandurata Alimentos Ltda.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 70.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS May 3, 2018

Disclosed by Bank Apr 27, 2018

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The proposed IFC investment consists of an A / B/ Trust loan financing package to Pandurata Alimentos Ltda ("Bauducco" or "the Company"). Bauducco is currently carrying out an investment program of about US$70 million over the next 2 years consisting of (i) expansion of its plant in Extrema, (ii) civil construction to expand its Guarulhos plant; and (iii) associated working capital needs.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Bauducco, founded in 1952, is one of the leading baked products companies in Brazil, producing panettones, toasts, cookies, wafer biscuits and other baked products. The Company produces baked products under 3 complementary brands (Bauducco, Visconti and Tommy) to target the entire spectrum of Brazilian consumers. Bauducco is a private family-owned company and was founded in 1952 by the Bauducco family. The shareholders of the Company are Pandurata Participações Ltda. and Bedece Comércio e Participações Ltda. Pandurata Participações Ltda. shareholders are Mr. Massimo Bauducco, Mr. Carlo Andrea Bauducco and Silvana Bauducco. Bedece Comércio e Participações Ltda. shareholders are Mr. Luigi Bauducco, Mrs. Carla Bauducco, Mr. Massimo Bauducco, Mr. Carlo Andrea Bauducco and Silvana Bauducco.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Bauducco Foods, Inc. Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

For inquiries about this project, contact: 

Pandurata Alimentos Ltda. 
Mr. Leandro Gomes 
CFO 
+55 (11) 2573-9790 
leandrog@bauducco.com.br 
Rua Fritz Reiman, 628, 3rd floor, Guarulhos, SP, Brazil, CEP 07044-020 
www.bauducco.com.br 

 

For inquiries about the IFC, contact: 

General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384

 

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/

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How it works