Servolux (EBRD-47618)

Countries
  • Belarus
Where the impacts of the investment may be experienced.
Specific Location
Minsk and Mogilev regions
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
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.
Borrower
Servolux CJSC and OJSC Smolevichi Broiler Factory
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Construction
  • Water and Sanitation
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)
$ 26.59 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 25.00 million
Converted using 2015-11-17 exchange rate.
Project Cost (USD)
$ 26.59 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 25.00 million
Converted using 2015-11-17 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jul 24, 2017

Disclosed by Bank Nov 17, 2015


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Project Description
This project finances capital investments in two broiler poultry production companies aimed at the modernization of its facilities, including the construction of a modern waste water treatment facility and animal waste recycling.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
This project includes a long-term loan of up to € 25 million to Servolux CJSC and OJSC Smolevichi Broiler Factory, broiler poultry production facilities located in Minsk and Mogilev regions correspondingly. These two companies are joint stock companies incorporated in the Republic of Belarus, and are subsidiaries of Belarusian VServolux Group, leading private branded poultry producer and animal feed producer also engaged in meat processing, dairy products manufacturing and food retail trade in Belarus.
Contact Information
Company Contact: Andrei Volkov, CFO mail@servolux.com +375 222 327 334 +375 222 327 399 servolux.com ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.