Draexlmaier Group II (EBRD-48500)

Regions
  • Europe and Central Asia
Where the impacts of the investment may be experienced.
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.
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
May 25, 2016
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
FRITZ DRAEXLMAIER GMBH & CO KG
The holder of the loan, grant, or other investment.
Sectors
  • 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)
$ 44.62 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 40 million
Converted using 2016-05-25 exchange rate.
Loan Amount (USD)
$ 44.62 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 40 million
Converted using 2016-05-25 exchange rate.
Project Cost (USD)
$ 100.40 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 90 million
Converted using 2016-05-25 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Feb 23, 2018

Disclosed by Bank Jun 7, 2016


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to EBRD website, the loan will enable Draexlmaier to expand production capacity in Romania, Moldova, Serbia, FYR Macedonia and Tunisia. It is is expected to arise from strengthening vocational training and knowledge-intensive activities in several countries. The company is a major employer in the relevant countries and has actively pursued skills transfers through cooperation with local educational institutions and training programmes, which is expected to be continued.

 

 

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information

Project Contact: Christian Anzinger, Group Treasurer
Email Address:anzinger.christian@draexlmaier.de
Telephone No.: +49 8741 47- 0
Website: https://www.draexlmaier.com/en/

General enquiries to EBRD: 
Telephone No.: +44 20 7338 7168
Email Address: projectenquiries@ebrd.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.