PROJECT

Projects

Summary of Investment Information

Project Number

44245

Company Name

OOO SP NYVA PEREYASLAVSHCHYNY

Date SPI Disclosed

Jul 7, 2020

Country

Ukraine

Region

Europe

Projected Board Date

Jun 23, 2020

Environmental Category

B - Limited

Status

Active

Last Updated Date

Aug 2, 2020

Department

Regional Industry MAS LAC & EUR

Industry

Agribusiness and Forestry

Previous Events

Approved : Jun 23, 2020
Signed : Jun 24, 2020
Invested : Jul 31, 2020

Sector

Other Animal Production

Project Description

JV LLC “Nyva Pereyaslavshchyny” (Nyva or the Company), based in Ukraine, is a vertically integrated pork producer with crop cultivation and processing, pig farming, slaughtering and meat processing operations. The Company is the second largest market player in the Ukrainian industrial pork market.

The proposed investment is part of the IFC’s COVID-19 response Real Sector Crisis Envelope and consists of a senior secured A loan of up to US$20 million (the “IFC Loan”). Due to COVID-19-related uncertainties in the supply chain of raw materials, Nyva is significantly increasing its raw material inventory in order to avoid any production disruptions. The IFC Loan will be used to fund the Company’s working capital needs.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation