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As stated in the project disclosure, EBRD invested EUR 40 million as part of a EUR 350 million green bond issuance by Akropolis Group, UAB. The green bond issue was carried out in accordance with the Company's Green Finance Framework, which aligns with the International Capital Market Association Green Bond Principles and Green Loan Principles and is supported by a Second Party Opinion confirming full compliance with these principles. The green bond has a maturity of 5 years and is listed on the Euronext Dublin and NASDAQ Vilnius stock exchanges.
The proceeds from the Bank's investment will support the refinancing of the Company's existing EUR300 million Eurobond and the financing of a portfolio of Eligible Green Projects (as defined in the Framework).
The expected green outcomes of the project are CO2 emission reductions of 182 tn/y, water savings of 1,136 m3/y, and reduced primary energy consumption by 11,017 GJ/y.
As stated by the EBRD, Akropolis, a limited liability company incorporated in Lithuania, is the leading retail and entertainment centre development and management company in the Baltic states. Akropolis is owned by Vilniaus Prekyba UAB, a limited liability company incorporated in Lithuania.
Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
---|---|---|---|---|---|---|
Vilniaus Prekyba UAB | Parent Company | Industry and Trade | has unknown relation to | Akropolis Group UAB | Client | Finance |
Client - Akropolis Group UAB:
Ernesta Grikinaite-Bartkevice
Email: ernesta.grikinaite@akropolis.lt
Website: https://www.akropolis.eu/
Address: Ozo Street 25, LT-07150, Vilnius, Lithuania
ACCESS TO INFORMATION
You can request information by emailing: accessinfo@ebrd.com 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: pcm@ebrd.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