Detroit Investments

completed

_x000C_Detroit Investments Ltd. (DI or the company), a Cyprus-based entity, is the main investment vehicle of the Detroit Group which is involved in the production and distribution of beverages (beer, mineral water, fruit juices) in Belarus and Russia. DI is also the sponsor of two IFC projects: DBBC and PIP-Vladpivo. Detroit Investments requested for further IFC support as the company expands into the juice sector in Belarus and the IT services sector in Russia. IFC’s investment and participation in this transaction will facilitate the establishment of the first commercial juice company in Belarus via the privatization of underperforming assets and support DI, an existing client, as it diversifies into a regional player and enters the IT services sector. DI will be acquiring a minority stake in BAC, a Russian IT services provider, that provides systems integration and business application services to the agribusiness, finance, telecommunications and transport sectors. Note: This SPI was updated to incorporate information about DI’s investments in the IT sector in Russia in lieu of its original plans to invest in the retail sector in Belarus.