According to the EBRD, the project consists of the provision of up to EUR 42 million senior secured loan to LLC Volynholding, a subsidiary of Nestle S.A., for financing investments to develop a new production facility in Ukraine.
The Project will support development of a new production site in the Western part of Ukraine to create a food production hub in the region.
As stated by the EBRD, Volynholding LLC is a limited liability company incorporated in Ukraine and a fully owned subsidiary of Nestle S.A.. Nestle is a multinational food and beverages company, headquartered in Vevey (Switzerland).
Client - Volynholding LLC:
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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.
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