PROJECT

Projects

Summary of Investment Information

Project Number

31867

Company Name

VINO ZUPA AD

Date SPI Disclosed

Mar 30, 2012

Country

Serbia

Region

Europe

Projected Board Date

Apr 30, 2012

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 25, 2022

Department

Regional Industry MAS LAC & EUR

Industry

Agribusiness and Forestry

Previous Events

Approved : May 25, 2012
Signed : Jun 7, 2012
Invested : Dec 3, 2012

Sector

Soft Drink

Project Description

The Vino Zupa AD project includes a corporate loan of up to EUR 12.5 million for capital investments, including additional bottling and fruit concentrate capacity and investment in the energy block (EUR 3 million); (ii) E&S wastewater treatment improvements to bring the Company into compliance in accordance with IFC Performance Standards and applicable World Bank Group’s Environmental, Health and Safety Guidelines and EU standards (EUR 1.5 million); (iii) re-financing a portion of its existing short / medium term debt facilities (with up to 2 year maturities) on a longer term basis (EUR 6 million); and (iv) provision of additional, permanent working capital (EUR 2 million) (the “Project”). The Project will enhance the Company’s E&S standards and overall performance, reduce funding risk and strengthen the Company’s liquidity position. During appraisal, IFC has also explored possible AS work with regard to supply chain linkages, inclusive business opportunities and sustainable business practices.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation