LEDESMA S.A.A.I. (FMO-56157)

Countries
  • Argentina
Where the impacts of the investment may be experienced.
Specific Location
Province of Jujuy
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
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
Aug 5, 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
Ledesma
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
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)
$ 35.00 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)
$ 35.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ FMO website

Updated in EWS Aug 25, 2019


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Project Description

Ledesma is an agro-industrial Argentine company established in 1908. With its 100+ years history it has become a leading company in sugar and paper which is production produced from sugar cane bagasse, with a significant market share in the fruits, fruit juices, alcohol, bioethanol and cereals. The Company is publicly listed on the Buenos Aires Stock Exchange but is controlled by the Blaquier Family.

FMO's funding will be used to support the Company's growth plans by financing capital expenditures related to its long-term business plan.

The agro-production and processing sector is of great importance to the Argentina economy, due to its contribution to foreign currency generation and tax income as well as the considerable (indirect) employment that is related to the agricultural industry. The funds will enable Ledesma to further increase its sustainable sourcing and processing activities, which will allow for around 8,000 direct jobs in one of the poorest provinces of Argentina (Jujuy).

Investment Description
  • Netherlands Development Finance Company (FMO)

The bank did not provide information about the investment type at the time of publication of this snapshot

Private Actors
Contact Information

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism