KMV Expansion Equity (EBRD-49975)

Regions
  • Europe and Central Asia
Where the impacts of the investment may be experienced.
Countries
  • Austria
  • Bulgaria
  • Czech Republic
  • Hungary
  • Slovakia
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
Feb 27, 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
Karlovarske Mineralny Vody SA
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)
Equity, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 43.81 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
Converted using 2019-09-25 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Feb 28, 2020

Disclosed by Bank Sep 25, 2019


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Project Description

According to the Bank's website, this project finances the borrower's acquisition of PepsiCo bottlers in countries where the European Bank for Reconstruction and Development invests. 

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

Provision of EUR 40 million financing in the form of (i) EUR 10 million preferred equity and (ii) EUR 30 million debt to Karlovarske mineralni vody, a. s.

Private Actors

Karlovarske Mineralny Vody S.A., a joint stock company incorporated in the Czech Republic, with operations in the Slovak Republic, Hungary, Bulgaria and Austria. Karlovarske Mineralny Vody S.A is one of the leading mineral water producers in central and eastern Europe.

Contact Information

Company Contact 

Marian Gramata
marian.gramata@mattoni.cz
+420 800 11 10 11
+420 800 11 10 11
www.kmv.cz
Horova 3 360 21 Karlovy Vary

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.