Bauducco Growth (IFC-40796)

Countries
  • Brazil
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
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
May 30, 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
Pandurata Alimentos Ltda.
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)
$ 70.00 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 May 3, 2018

Disclosed by Bank Apr 27, 2018


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Project 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
  • International Finance Corporation (IFC)
Private Actors

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.

Contact Information

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/