VSAP AGRISERVICES LP (FMO-50232)

Countries
  • Argentina
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
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.
Investment Amount (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ FMO website

Updated in EWS Jun 24, 2018


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Project Description

WHO IS OUR CLIENT

Grupo Los Grobo (GLG) started operations in Argentina in 1980. GLG has been the leader of the agribusiness transformation in Argentina and the region for the last 25 years. GLGa€™s platform provides different products and services to agricultural producers operating in Argentina.

FUNDING OBJECTIVE

FMO's investment will be used to strengthen the capital structure of the group and support its current growth plan aiming at doubling its size in the coming years.

WHY WE FUND THIS PROJECT

With a model integrated into the industry and the sciences, as well as innovative due to its capacity of transforming and offering solutions to this changing world, GLG is well-positioned to continue to lead the transformation of the agriculture sector in Argentina.

Investment Description
  • Netherlands Development Finance Company (FMO)
Contact Information

FMO
The Netherlands
+31 70 314 96 96
info@fmo.nl
Anna van Saksenlaan 71
2593 HW, The Hague
The Netherlands

FMO
South Africa
+27 11 507 2500
joburg-office@fmo.nl
Regent Place, 2nd Floor
Cradock Ave, Rosebank 2196
Johannesburg South Africa

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism