| Project Detail |
Provision of a senior long-term loan ("loan") of EUR 3m to PrJSC Lantmannen Axa (the "borrower", "company"), a breakfast cereal producer in Ukraine.
Project Objectives
The loan is a stand-by working capital facility, which will be used in cases of liquidity needs for working capital purposes (the "project").
Transition Impact
Competitive (Primary): The project will support improvements and expansion of production lines and higher value-added products, which is expected to lead to improvement in profitability and efficiency.
Green (Secondary): Out of the total (EUR 3m) investment plan of the borrower, EUR 1.09m is planned to be used for modernisation of the production lines and installation of automation and control systems, which is expected to lead to energy efficiency savings. The GET share of the project is 34%. |
