Vino Zupa AD

completed

The Vino Zupa AD project includes a corporate loan of up to EUR 12.5 million for: (i) capital investments, including additional bottling capacity for fruit juices and investment in the energy block (EUR 3 million); (ii) E&S wastewater treatment improvements to bring the Company into compliance in accordance with IFC Performance Standards and applicable World Bank Group’s Environmental, Health and Safety Guidelines and EU standards (EUR 1.5 million); (iii) re-financing a portion of its existing short / medium term debt facilities (with up to 2 year maturities) on a longer term basis (EUR 6 million); and (iv) provision of additional, permanent working capital (EUR 2 million) (the “Project”). The Project will enhance the Company’s E&S standards and overall performance, reduce funding risk and strengthen the Company’s liquidity position. During appraisal, IFC has also explored possible AS work with regard to supply chain linkages, inclusive business opportunities and sustainable business practices.