According to the Bank's website, this project provides financing to Korporacja Inwestycyjna Polskiej Farmacji Sp. z o.o. for on-lending to Pelion SA and its subsidiaries to fund an investment programme across the group.
The project aims to improve the logistic processes of this pharma group, facilitate market expansion and finance new types of pharmaceutical products.
Korporacja Inwestycyjna Polsiej Farmacji Sp. z o.o. is a holding company for Pelion which has successfully operated on both wholesale and retail pharma markets in Poland since 1990. The implementing company is fully owned by Mr. Jacek Szwajcowski and Mr. Zbigniew Molenda I; the founders of Pelion.
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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 email@example.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.