Financed ProjectsHellenic Dairies Group - Black Sea Expan

Identification Code:

OP/15/0036

Total Operation Cost:

50.000.000

Maturity:

84 months

Operation Status:

Description and Purpose of the Operation:

Long-term corporate loan to finance the capital expenditure and associated working capital needs of Tyras Group's subsidiaries in Romania and Bulgaria

Countries of Operation:

Bulgaria (50,00 %)
Romania (50,00 %)

Financial Product:

Loans

Sector:

Consumer Staples

Domain:

Private

Borrower/Client:

Fabrica de Lapte Brasov, Romania and Tyrbul SA, Bulgaria

Co-Financiers/Participants:

International Investment Bank (IIB)

Guarantors/Sponsors:

Tyras Group S.A. Greece and Hellenic Dairies S.A. Greece

Developmental and Regional Cooperation Impact:

BSTDB participation in the Operation will help bring a positive social development impact by generating additional export and tax revenues, by contributing to the activities of a successful company/Group in Romania, Bulgaria and Greece and by promoting cooperation among member states via investments and exports.

Environmental Classification and Impact (summary):

The operation has been screened according to the Bank's E&S screening procedures and assigned Category B. Manufacturing of dairy products and cheeses are normally associated with medium risks and impacts which are limited, unlikely to be significant, are site specific, and can be readily prevented and mitigated by adhering to generally recognized good performance standards and practices applied in the dairy industry.

Operation Leader:

General Industries, Transport, Tourism 2

E-mail:

gitt2@bstdb.org