Servolux Belarus (EBRD-49686)

Countries
  • Belarus
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
Jul 24, 2018
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
Servolux Capital Ltd.
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
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)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Sep 11, 2018

Disclosed by Bank Aug 23, 2018


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Project Description

According to EBRD, the Bank will acquire shares of Servolux Capital LTD for a total amount of €10m. The facility will be used to finance the:

1. construction of a small-scale Combined Cooling Heat and Power (CCHP) unit to supply the Group's meat processing facility located in Smolevichi, Minsk region

2. construction of a workshop for the production of meat processed products with a total production capacity of 70 tonnes/day.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors
  • Servolux Capital Ltd. -- Implementing Company

Servolux Capital Ltd. is a holding company for a privately owned vertically integrated agricultural group operating in several segments in Belarus. 

Contact Information

Project Contact: Sergei Zinkovich
Email Address: office@servolux.by
Telephone No.: +375222294999
Website: servolux.com
Office Address: 4 Mironova str. Mogilev, Republic of Belarus 212030

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.