Financed ProjectsAlro/Vimetco Corporate Loan Facility

Identification Code:

OP/15/0013

Total Operation Cost:

60.000.000

Maturity:

84 months

Operation Status:

Description and Purpose of the Operation:

Provision of a long-term corporate loan for the capital expenditures of Alro SA

Countries of Operation:

Romania (100,00 %)

Financial Product:

Loans

Sector:

Materials

Domain:

Private

Borrower/Client:

Alro SA, Romania

Co-Financiers/Participants:

International financial institutions / commercial banks

Guarantors/Sponsors:

Vimetco N.V.

Developmental and Regional Cooperation Impact:

BSTDB participation in the operation would help bring a positive social development impact. It would: - Generate additional export and tax revenues; - Contribute to the activities of a successful company/Group in Romania - Bring-in development impact and promote cooperation among member states via exports

Environmental Classification and Impact (summary):

Screened B+, medium-high E&S risk operation. The assessment concludes that the operation is not likely to generate any significant comprehensive and efficient preventive and mitigations measures, including management systems that allow addressing any potential risks and impacts in a structured and continuous basis and respond timely and adequately in cases of emergency.

Operation Leader:

General Industries, Transport, Tourism 2

E-mail:

gitt2@bstdb.org