Summary of Proposed Investment
Project Number
28172
Company Name
FRIKOM DOO BEOGRAD
Date SPI Disclosed
May 19, 2009
Country
Serbia
Industry
Agribusiness and Forestry
Projected Board Date
Jun 19, 2009
Status
Completed
Sector
Other Food
Department
Gbl Ind, Manufact, Agribus & Services
Environmental Category
B - Limited
Previous Events
Approved : Jun 26, 2009
Signed : Jun 29, 2009
Invested : Jul 28, 2009
Project Description
Frikom is a leading ice cream, frozen food and frozen pastry producer in Serbia. The company acquired in 2008 Nova Sloga, a former Serbian state owned mineral water, fruit and vegetable producer. The proposed project is for the corporate restructuring and modernization of Frikom, and for the post-privatization investments in Nova Sloga, to finance capital expenditures, expand fruit production, establish fresh vegetable purchasing, increase mineral water production capacity and improve efficiency.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Main Sponsor Contact
Ivan Crnjac, Executive Vice President for Strategy and M&A
Telephone Number
+385 1 48 94 682
Fax Number
+385 1 48 94 089
Address
Trg D. Petrovica 3
10000 Zagreb, Croatia
Ivan Crnjac, Executive Vice President for Strategy and M&A
Telephone Number
+385 1 48 94 682
Fax Number
+385 1 48 94 089
Address
Trg D. Petrovica 3
10000 Zagreb, Croatia
For Inquiries and Comments About IFC, Contact
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster
Local Access of Project Documentation
The environment documents will be made available in publicly accessible locations within the towns of Belgrade and Trstenik. An advertisement will be published in local newspapers indicating where the documents may be obtained.