According to bank provided information,the proposed IFC investment is a senior secured syndicated loan package of up to €14 million to United Exports Limited (“UE” or “the Company”) and its subsidiaries.
The proposed investment will support the Company’s €14 million investment program comprising of the following components: (i) fund frost mitigation measures on UE’s existing blueberry farms; (ii) support a blueberry farm expansion; and (iii) refinance existing debt (“the Project”).
Established in 2004 in South Africa, the Company is involved in blueberries value-chain from farming, packing, processing, cooling, buying and selling. The Company sources blueberries from farms in South Africa and Zambia that it owns partially or entirely as well as from outsourced contract growers located in the Southern Africa region. United Exports focuses on the production and marketing of blueberries mainly to the export market. Its proprietary brand is OZblu® brand.
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United Exports Limited
+27 (21) 879 2301
2nd Floor, James Barry Munnik House, 121 Main Road, Paarl, South Africa 7646
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