PROJECT

Projects

Summary of Investment Information

Project Number

32247

Company Name

Minerva S/A.

Date SPI Disclosed

Mar 29, 2013

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

May 30, 2013

Environmental Category

A - Significant

Status

Completed

Last Updated Date

Jun 25, 2022

Department

Gbl Ind, Manufact, Agribus & Services

Industry

Agribusiness and Forestry

Previous Events

Approved : May 30, 2013
Signed : Sep 6, 2013
Invested : Sep 10, 2013

Sector

Animal Slaughtering and Processing

Project Description

The proposed Project with Minerva S.A. (“Minerva” or “the Company”), the third largest meat processor in Brazil, will support the implementation of a regional expansion program and address the environmental and social impacts of cattle ranching in Brazil. The proposed investment consists of an A-Loan and/or Equity investment.

The Company is undertaking an investment plan over the next four years to: (i) expand the processing and slaughtering operations in South America, more specifically in Brazil, Uruguay and Paraguay; (ii) potentially develop a slaughtering plant in Colombia; (iii) construct, acquire and/or lease six distribution centers across Brazil; and (iv) expand the processing capacity of the Minerva Dawn Farms plant in Brazil (the “Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation