Aragvi Holding International Limited, a holding company domiciled in Cyprus (“Aragvi” and together with its direct and indirect subsidiaries, “the Group” or the “Sponsor”) owns 100% in TOI.  

Headquartered in Romania, the Group first entered the Moldovan market in 1998, initially as a commodity trader. Over the years, the Group has grown substantially through acquisitions and investments. 

In addition to being the leading originator, processor and exporter of agri-commodities in Moldova, the Group has expanded its origination and processing activities into Romania, Serbia and Ukraine.                                                  

 IFC’s proposed loan amount will be up to US$30 M for its own account as a lender in the syndicated Facility to support the Group’s export related trade operations across Moldova and Romania. The total Project cost is around US$260M.                                                  

 Moldova, Romania and Switzerland.                                                  

This is a Category B project as per IFC's Policy on Environmental and Social Sustainability (2012). Based on information reviewed by the IFC and observations during the site visits noted above, the proposed Project will have limited adverse E&S impacts that are few, site specific and largely reversible and readily addressed through existing mitigation measures and good international industry practice (GIIP). Key E&S issues which were identified included: (i) adequacy of the TOI Group’s E&S management system and organization capacity in MD and RO covering Company’s business activities; (ii) management of health and safety risks related to grain storage (e.g., dust explosion) and transport; (iii) supply chain risk assessment and management of grain sourcing, including avoidance of PS2/PS6 supply chain risks; and (iv) stakeholder engagement and grievance mechanism.