Louis Dreyfus Company Trade Finance Expansion (EBRD-51258)

Countries
  • Bulgaria
  • Egypt
  • Kazakhstan
  • Poland
  • Romania
  • Tajikistan
  • Turkey
  • Ukraine
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
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.
Voting Date
Jul 24, 2019
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
Subsidiaries of Louis Dreyfus Company
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Industry and Trade
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)
$ 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 Jul 6, 2019

Disclosed by Bank Jun 20, 2019


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Project Description

According to the Bank's website, this project finances part of the working capital needs of Louis Dreyfus Company's subsidiaries that are active in relevant countries. The financing will be used for the merchanidising activities of its agricultural commodities in these countries

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

Actual financing needs will fluctuate based on commodity prices and volumes, but are estimated at ca. USD 300 million. 

Private Actors

Founded in 1851 and active in more than 100 countries, Louis Dreyfus Company is a leading international merchant and processor of agricultural goods, originating, processing, merchandising and transporting approximately 80 million tons of products annually.

Contact Information

Hervé Sahores
herve.sahores@ldcom.com
+41-58 688 26 66
https://www.ldc.com/global/en/
29, route de l#Aéroport, PO Box 236, CH-1215 Geneva 15

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.