According to bank provided information, CHO Group, (“CHO” or the “Company”), was established in 1996 and is a leading olive oil producer in Tunisia. The Company’s facilities are mainly located in the region of Sfax, Tunisia, and its destination markets span over 40 countries worldwide. CHO retains a workforce of 750 employees.
The proposed Project would help CHO liberate cash for its permanent working capital needs, and support its capex needs over the next 3 years.
The Project will be potentially supported by IFC’s Advisory Services, namely on 2 fronts: (a) olive supply chain improvements, and (b) corporate governance.
The Project cost is estimated at EUR53.1 million.
The proposed IFC debt commitment is up to EUR30 million, of which up to EUR10 million for IFC’s own account and up to EUR20 million through mobilization.
CHO was created in 1996 by three entrepreneurs, Mr. Abdelaziz Makhloufi, Mr. Moncef Rekik, and Mr. Abderazzak Tounsi. The original founders own directly or indirectly about 93 percent of shares. The remaining is held by SICAR Invest.
CHO Company Limited
Deputy General Manager
+216 21 178 178
Mahdia Road, Km 18 Sfax, Tunisia
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