DFF Karavaki Papoutsanis SME (EBRD-51292)

Countries
  • Greece
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
Jan 21, 2020
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
Papoutsanis 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)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 5.54 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 5.54 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 5
Converted using 2020-01-21 exchange rate.
Project Cost (USD)
$ 11.09 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported 10
Converted using 2020-01-21 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Mar 9, 2020

Disclosed by Bank Jan 30, 2020


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to EBRD website, the Loan are dedicated to finance  EUR 4.5 million capital expenditures of the Company related to the optimization and the upgrade of the manufacturing processes. The Bank also supports with EUR 0.5 million the Company's R&D program. 

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors
<section class="info__d075c560"><br /> <div class="description__ce057c5c">Papoutsanis SA manufactures soap and toiletries. The Company produces soap noodles, bar soaps, liquids, shampoos, shower gels, bath foams, and creams. Papoutsanis sales its own brands through retailers and manufactures toiletries for hotels.</div> </section>
Contact Information

Papoutsansi Investor's Relations
info@papoutsanis.gr
(+30) 22620 85 000
(+30) 22620 85 070
https://www.papoutsanis.gr
PAPOUTSANIS S.A. 71st Km National Road Athens - Lamia Vathi Avlidos 34100 Halkida

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.