PROJECT

Projects

Summary of Investment Information

Project Number

34073

Company Name

Acuagranjas dos Lagos, S.A. de C.V.

Date SPI Disclosed

Oct 15, 2013

Country

Mexico

Region

Latin America and the Caribbean

Projected Board Date

Nov 15, 2013

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry MAS LAC & EUR

Industry

Agribusiness and Forestry

Previous Events

Approved : May 28, 2014
Signed : Oct 10, 2014
Invested : Nov 5, 2014

Sector

Animal Aquaculture

Project Description


The proposed investment consists of a senior secured loan of US$10 million to Acuagranjas Dos Lagos (“ADL”) to finance its capital expenditures for the development of additional production infrastructure at Lake Malpaso, installation of additional processing lines at its existing processing facility and other related investments. ADL was established in 2007 in Chiapas province of Mexico as the third and newest operation of the Regal Springs Group (“RSG”), the world’s largest vertically integrated producer and marketer of tilapia products.

The project is a key element of RSG’s strategic objectives to: i) maintain its global leadership in a growing industry by reaching 150,000 MT of total biomass production and ii) step-up its presence in key premium markets of the Americas and Europe.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation