๐ Tender Overview
Location: Uzbekistan
Project number: 55086
Business sector: Manufacturing and Services
Notice type: Private
Environmental category: B
EBRD Finance Summary: USD 14,000,000.00
Total Project Cost: USD 17,000,000.00
Project Description
The provision of a senior secured loan of up to US$ 14 million to Star Group, a fast-growing distributor of fast moving consumer goods (FMCG) based in Uzbekistan. The loan will support Star Group's growing working capital needs and capital expenditure plans (including for the construction of a new warehouse for inventory storage) associated with its growth and the expansion to the regions of Uzbekistan.
Project Objectives
The project aims to (i) strengthen Star Group's competitive position by adopting international standards such as ISO and IFRS, (ii) promote inclusive employment opportunities and support gender equality, and (iii) contribute to the reduction of the client's carbon footprint and thus promoting green economy through its usage of alternative energy sources.
Transition Impact
ETI score: 66
1.Inclusive - the project will help the Group to increase: (i) the share of women-employees within its workforce as well as (ii) the share of women-employees in the management by introducing more equal and inclusive business practices and polices.
2. Competitive - the Group will adopt ISO and IFRS standards over the life of the project, which will improve business standards and transparency. The project receives an ETI rating of 66.
