PROJECT

Projects

Summary of Investment Information

Project Number

38193

Company Name

GRUPO LOS GROBO HOLDINGS LLP

Date SPI Disclosed

Nov 18, 2016

Country

Argentina

Region

Latin America and the Caribbean

Projected Board Date

Nov 8, 2016

Environmental Category

B - Limited

Status

Active

Last Updated Date

Feb 26, 2017

Department

Regional Industry - MAS LAC

Industry

Agribusiness and Forestry

Previous Events

Approved : Nov 8, 2016
Signed : Nov 16, 2016
Invested : Dec 1, 2016

Sector

Grains and Beans

Project Description

IFC is investing up to US$50 million in an investment consortium which is acquiring a controlling stake in Grupo Los Grobo LLC (“GLG” or “the Group”), a diversified agribusiness company operating in Argentina and involved in: (i) the manufacturing of crop-protection inputs, (ii) agri-inputs distribution, (iii) grain origination, storage and logistics services, (iv) farming, and (v) milling. The use of proceeds will be to refinance debt and gain working capital fire power in order to be ready to capture expected growth opportunities in the Argentine agribusiness sector and acquire the shareholding stakes of some minority shareholders.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation