Scandagra Baltics (EBRD-56272)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Estonia
  • Latvia
  • Lithuania
Geographic location 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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 9, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Scandagra Group A.B.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • 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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 34.26 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 30
Converted using 2025-06-04 exchange rate.
Loan Amount (USD)
$ 34.26 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 30
Converted using 2025-06-04 exchange rate.
Project Cost (USD)
$ 34.26 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 30
Converted using 2025-06-04 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 6, 2025

Disclosed by Bank Jun 3, 2025

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Can you contribute information about this project?
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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the EBRD, the project consists of the provision of a EUR 30 million long-term loan to Scandagra Group A.B., a leading agribusiness trader and inputs supplier to farmers in Lithuania, Latvia and Estonia.

The EBRD funding will be used to finance part of Scandagra's working capital needs.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the EBRD, Scandagra Group is an agribusiness trader and supplier to farmers in Lithuania, Latvia and Estonia, offering agricultural solutions from purchasing, warehousing, drying and cleaning of both conventional and organic grain, to fertilizer packaging and consulting services. The company is a joint venture of two Scandinavian agribusiness cooperatives - Lantmannen ek., a Swedish cooperative, and Dansk Landbrugs Grovvareselskab a.m.b.a. (DLG), a Danish cooperative.

Lantmannen is an agricultural cooperative and a leader in agriculture, machinery, bioenergy and food products in northern Europe. The cooperative is owned by 17,000 Swedish farmers.

DLG is an agricultural cooperative and a leader in agriculture, nutrition, animal feed and energy sectors in northern Europe. The cooperative is owned by 26,000 Danish farmers.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
Dansk Landbrugs Grovvareselskab a.m.b.a. (DLG) Parent Company Agriculture and Forestry contracts with Lantmannen ek för Parent Company Agriculture and Forestry
Dansk Landbrugs Grovvareselskab a.m.b.a. (DLG) Parent Company Agriculture and Forestry owns Scandagra Group A.B. Client Agriculture and Forestry
Lantmannen ek för Parent Company Agriculture and Forestry owns Scandagra Group A.B. Client Agriculture and Forestry

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client - Scandagra Group A.B.:

Aleksandr Perekatov
Email: office@scandagra.com
Phone: +370 694 54 019
Website: http://www.scandagra.com/
Address: Von Troils Väg 1 Malmö, Skåne 213 73, Sweden

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

How it works

How it works