Summary of Proposed Investment
Project Number
7053
Company Name
GRUPO BIMBO, S.A.B. DE C.V.
Date SPI Disclosed
Sep 11, 1995
Country
Mexico
Industry
Agribusiness and Forestry
Status
Completed
Sector
Other Food
Department
Regional Industry MAS LAC & EUR
Environmental Category
B - Limited
Previous Events
Approved : Jan 3, 1996
Signed : Feb 1, 1996
Invested : Feb 2, 1996
Project Description
Summary Of Project Information (SPI)
| Project Name | Mexico-GIBSA III |
| Region | Latin America and Caribbean |
| Sector |
Projected Board DateSeptember 28, 1995
Company NameGrupo Industrial Bimbo, S.A. de C.V.
Technical Partner and/or Major Shareholders
Servitje, Sendra and Mata Roman families.
Project Cost Including proposed IFC investment
US$200.4
Proposed IFC investment: “A” Loan of US$20 million
Asset backed certificate: US$5 million
“C” Loan of US$30 million
Location of project and Description of site
Mexico. Project sites include various locations in different parts of Mexico.
Description of Company and Purpose of Project
The company produces, markets and distributes prepackaged bread and bakery products. The purpose of the project is to assist the Company in financing the modernization and expansion of its production and distribution facilities.
Environmental Category and Issues
This is a category “B” project according to IFC’s environmental review procedure. Environmental, health and safety issues include air emissions, liquid effluents, solid wastes, and general employee training, and health and safety.
IFC will ensure that (i)GIBSA designs and operates this project in compliance with all pertinent Government of Mexico and local standards as well as the World Bank guidelines; (ii) by evaluating monitoring reports submitted annually to IFC by GIBSA; and (iii) by conducting periodic supervision.
The is from the Public Information Center.
| Date SPI sent to PIC | September 11, 1995 |
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 676-0365
Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Sponsor / Cost / Location
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