Soufflet 2

completed

Groupe Soufflet (Soufflet or the Group) is a mid-size, vertically-integrated, global agribusiness group whose main activities include the procurement, primary processing and trading of grains - primarily wheat and barley. With presence in 16 countries, the Group is a leading agricultural input distributor, grain originator, grain exporter and wheat miller in its home-base of France as well as a global market leader in malting.The project entails support to the Group’s strategy in Europe and Central Asia (ECA) to (i) increase in-kind pre-financing to farmers and grow its non-barley business; (ii) decrease foreign exchange risk by increasing local currency funding; and (iii) maintain a buffer to absorb the impact of grain price volatility on the Group’s working capital needs (the Project). The Project will directly support the Group’s working capital needs in Russia, Ukraine, Kazakhstan, Romania, Serbia and Poland (collectively, the Project Countries).