Copeval is a publicly listed company in the Santiago Stock Exchange, with three families (Martino, Bozzo and Ariztia) holding a ~54% shareholding interest, IFC a 16.8% shareholding interest and the balance atomized among several investors.

The total Project cost is estimated at US$25 million. The proposed IFC investment consists of a subscription of securitized senior notes for up to US$25 million in CLP equivalent to finance Copeval’s permanent working capital needs.

 Copeval is headquartered in San Fernando, Chile. The Company has 24 branches and 3 distribution centers located throughout the major agricultural regions of Chile.

Copeval is committed to good CG practices which are supported by an appropriate structure and functioning of the Board, appropriate control and processes, commitment to transparency and disclosure, fair treatment to shareholders, and well-functioning CG. Therefore, governance risk to development impacts is considered low.                                                   

This investment is a Category B project in accordance with IFC’s Policy on Environment and Social Sustainability. Based on information reviewed by IFC, this investment will have limited adverse E&S impacts that are few in number, site-specific, and largely reversible and readily addressed through mitigation measures. The key E&S issues include: (i) Copeval’ s ability to provide systematic and consistent management of E&S issues across its operations; (ii) compliance with local permits and licenses for operation, transportation and distribution of products and services; (iii) handling, storage, distribution and transportation of hazardous materials, (iv) compliance of the portfolio of products with WHO hazards class (e.g. exclusion of Ia and Ib products) and the Food and Agriculture Organization(FAO)’ International Code of conduct on the distribution and use of Pesticides; and (v) labor and working conditions, including occupational health and safety, and (vi) deforestation in the supply chain