PROJECT

Projects

Summary of Investment Information

Project Number

37574

Company Name

AVERSI-PHARMA LTD

Date SPI Disclosed

Dec 22, 2016

Country

Georgia

Region

Europe

Projected Board Date

Nov 4, 2016

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Nov 22, 2024

Department

Regional Industry MAS LAC & EUR

Industry

Health, Education and Life Sciences

Previous Events

Approved : Nov 4, 2016
Signed : Dec 12, 2016
Invested : Dec 29, 2016

Sector

Hospitals and Clinics

Project Description

Aversi Pharma Ltd (“Aversi” or the “Company”) is the leading pharmaceutical wholesaler, retailer and healthcare service provider in Georgia. Aversi includes chains pharmacy stores operating under the “Aversi” brand name and chain of the hospitals operating under the different brands. Aversi also owns small-scale insurance company Alfa Ltd.

 

The proposed investment is a corporate loan of EUR 13 million to Aversi with 6-year tenor. The corporate loan will support the Company’s investment program over the next two years, which mainly includes the expansion of Aversi’s healthcare facilities.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation