Louis Dreyfus Company Grain Egypt (EBRD-48637)

Countries
  • Egypt
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
Sep 21, 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
Louis Dreyfus Company Group
The holder of the loan, grant, or other investment.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 21, 2017

Disclosed by Bank Aug 17, 2016


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Project Description
Project Description The EBRD is considering providing a USD 100m revolving facility to finance part of the working capital needs of Louis Dreyfus Company Group's subsidiaries active in Bulgaria, Egypt, Kazakhstan, Poland, Romania, Tajikistan, Turkey and Ukraine. The project is financing the working capital needs of the subsidiaries of Louis Dreyfus Company Group for the merchandising activities of its agricultural commodities in these countries. Working capital needs are seasonal and cover the purchase of agricultural commodities at prices that fluctuate throughout the year. The project provides stable working capital financing for merchandising activities in countries where liquidity can be a constraint.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information
Client Company Contact Information Louis Dreyfus Company Suisse S.A Financing & Treasury EMEA Region Hervé Sahores 29, route de l' Aéroport, PO Box 236CH-1215 Geneva 15 Tel: +41-58 688 26 66 E-mail:herve.sahores@ldcom.com Accountability Mechanism of the 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.