PROJECT

Projects

Summary of Investment Information

Project Number

33477

Company Name

CARGILLS QUALITY FOODS LIMITED

Date SPI Disclosed

Aug 27, 2014

Country

Sri Lanka

Region

South Asia

Projected Board Date

Sep 22, 2014

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - MAS Asia & Pac

Industry

Tourism, Retail and Property

Previous Events

Approved : Dec 3, 2013
Signed : Aug 22, 2014
Invested : Feb 9, 2015

Sector

Retail (Including Supermarkets, Grocery Stores, etc.)

Project Description

Cargills Foods Company (Private) Limited (“CFPL” / “Company”) plans to raise upto US$20 million from IFC through a primary purchase of shares of CFPL. In addition to capitalizing the Company, the proceeds are expected to be partly utilized to fund the expansion of the Company’s retail business and partly utilized for pay down of debt by CFPL.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation