Financed ProjectsGarant Holding - Ucar Poultry Business

Identification Code:

OP/14/0017

Total Operation Cost:

55.500.000

Maturity:

72 months

Operation Status:

Description and Purpose of the Operation:

Provision of a USD 15 million loan to Ucar Agro LLC Azerbaijan to develop and operte an integrated poultry farm in Ucar region in Azerbaijan.

Countries of Operation:

Azerbaijan (100,00 %)

Financial Product:

Loans

Sector:

Consumer Staples

Domain:

Private

Borrower/Client:

Ucar Agro LLC, Azerbaijan

Co-Financiers/Participants:

- ANFES (Azerbaijani Fund for Entrepreneurship Support) - Commercial bank

Guarantors/Sponsors:

Guarantor: PASHA Bank OJSC Azerbaijan

Developmental and Regional Cooperation Impact:

The financing provided by the Bank will enable Ucar Agro LLC to finalise the Project in a priority non-oil sector of Azerbaijan. The Project is expected to have employment creation impact (about 800 new jobs expected to be created) and to substitute imports of poultry meat.

Environmental Classification and Impact (summary):

Category B+. The Client has intoduced highly advanced poultry rearing, slaughtering, processing and packing practices, as well as advanced techniques for water pretreatment, waste water treatment, odor capturing and rendering of the biological wastes, and has sourced equipment from leading manufacturers in the industry such as Meyn, Big Dutchman, Yemtar, and Frigo Mekanic.

Operation Leader:

General Industries, Transport, Tourism 2

E-mail:

gitt2@bstdb.org