Financed ProjectsTeamNet International S.A

Identification Code:

OP/13/0041

Total Operation Cost:

34.628.000

Maturity:

84 months

Operation Status:

Description and Purpose of the Operation:

Provision of a long term debt facility of EUR 7.5m and equity of EUR 5m to TeamNet International S.A (the "Company"), a company organised and existing under the laws of Romania, to finance the Company's capital investments and working capital needs required for the expansion of existing operation centers in Romania and Moldova, the rollout of new operation centers in Turkey and possibly other countries in Eastern Europe, and upgrading the Company's software platform and products (the "Project").

Countries of Operation:

Romania (100,00 %)

Financial Product:

Loans,Equity Investments

Sector:

Information Technology

Domain:

Private

Borrower/Client:

TeamNet International S.A, a company incorporated under the laws of Romania.

Co-Financiers/Participants:

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

The Operation will facilitate cooperation between the Bank's member states by supporting growth and expansion of a Romanian company to other BSTDB member states. The Project will generate taxes and employment opportunities in Romania and other BSTDB member states.

Environmental Classification and Impact (summary):

The Operation involves software development which generally is not likely to generate Environmental, Health and Safety (EHS) risks and negative impacts. Therefore, the Operation is screened as category C and as such it does not require an Environmental Assessment.

Operation Leader:

Energy & Infrastructure

E-mail:

ei@bstdb.org