Original disclosure @ IFC website
Updated in EWS Nov 25, 2019
Disclosed by Bank Nov 21, 2019
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The proposed IFC investment consists of an unfunded participation of US$50 million by IFC in a trade finance facility in favor of Nitron Group Corporation (“Nitron” or the “company”). The purpose of the facility is to finance the purchase, storage and transportation of fertilizers by Nitron for further sales mostly to Latin America and Africa.
The proposed IFC investment consists of an unfunded participation of US$50 million by IFC in a trade finance facility in favor of Nitron Group Corporation
Nitron is a private international fertilizer merchant company headquartered in Greenwich, CT, USA with 37 years of operations. The core of Nitron’s business is fertilizer trading, and is a major purchaser of various products form European/Baltic nations, China, Middle East, North Africa and North America. The core of its sales network is in Latin America but in recent years the company has become a major player in Africa. Nitron only trades fertilizers and does not manufacture them. Majority of products are traded in bulk (around 93%), rest (7%) is containers providing value to customers through customized shipments. Nitron has more than 100 staff worldwide in 20 regional offices.
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