Agrofusion CL (IFC-41217)

Regions
  • Europe and Central Asia
Where the impacts of the investment may be experienced.
Countries
  • Ukraine
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
Approved
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
Jun 1, 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
FE INTEGRATED AGROSYSTEMS
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)
$ 17.00 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)
$ 30.00 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 3, 2018

Disclosed by Bank Apr 30, 2018


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Project Description

This project provides financing to Agrofusion Group, the largest tomato paste and industrial tomato producer in Ukraine, to expand its product portfolio and increase export volumes.

Investment Description
  • International Finance Corporation (IFC)
Private Actors

 Agrofusion Group is wholly-owned by the Sypko family. 

Contact Information

Agrofusion Group 
Olga Zhukova 
Head of Financial Department 
+380 512 58 79 08 (11 10) 
Olga.Zhukova@inagro.ua 
34 Prospect Myru, 54034, Mykolayiv, Ukraine 
http://www.inagro.ua 

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