As stated by the EBRD, the project consists of a hybrid equity investment of up to EUR 25 million in Pelion S.A.. The EBRD investment will give the Bank a ca. 4.3% stake in Pelion S.A. The proceeds from the EBRD's investment will be used by Pelion Group solely in Poland, for general corporate purposes.
The Bank's investment will allow the Company to grow innovative business lines and further expand its existing operations in Poland. Through providing equity capital, the Bank will help Pelion in achieving its ambition to become the leading pharmaceutical retailer in Europe.
As stated by the EBRD, Pelion Group is the largest pharmaceutical distributor in Poland, operating in the wholesale distribution, retail pharma and retail cosmetics markets since 1990 in Poland and the Baltic region. Pelion Group has been a client of EBRD since 2019 through its holding company KIPF.
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Client - Pelion SA:
ACCESS TO INFORMATION
You can request information by emailing: firstname.lastname@example.org or by using this electronic form: https://www.ebrd.com/eform/information-request
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 at: 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