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    Signature(s)

    Amount
    € 47,000,000
    Countries
    Sector(s)
    Bulgaria : € 3,431,000
    Poland : € 16,074,000
    Romania : € 27,495,000
    Industry : € 47,000,000
    Signature date(s)
    4/04/2019 : € 3,431,000
    4/04/2019 : € 16,074,000
    4/04/2019 : € 27,495,000
    Link to source

    Summary sheet

    Release date
    3 October 2018
    Status
    Reference
    Signed | 04/04/2019
    20170966
    Project name
    Promoter - financial intermediary
    FOOD PRODUCTION MODERNISATION
    MASPEX - GMW SP ZOO SP K
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 47 million
    EUR 94 million
    Location
    Sector(s)
    Description
    Objectives

    The operation concerns investments in expansion, upgrading and modernisation of Maspex group's food and drinks production and storage facilities. The investments will be implemented in or in the vicinity of existing factories located in Lowicz, Lublin, Tychy, and Olsztynek (Poland), Valenii de Munte, Giurgiu and Vatra Dornei (Romania), and Velingrad (Bulgaria).

    The investment underpins the promoter's strategy to increase competitiveness of its businesses through the modernisation and expansion of its production process and storage capacity.

    Environmental aspects
    Procurement

    The operation includes several investments which might fall under Annex II of Directive 2011/92/EU. An environmental impact assessment (EIA) might be required by the authorities. All aspects related to the environmental impact and permits will be verified during the project's appraisal.

    The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (i.e. Directive 2004/17/EC), then the Bank would require the promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC and Directive 92/13/EEC), with the publication of tender notices in the Official Journal of the EU, as and where required.

    Related projects
    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - FOOD PRODUCTION MODERNISATION
    Publication Date
    11 Jun 2021
    Document language
    Main Topic
    Lending
    Document Number
    83809639
    Document Focus
    Environmental Information
    Project Number
    20170966
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - FOOD PRODUCTION MODERNISATION
    Publication Date
    20 Dec 2023
    Document language
    Main Topic
    Lending
    Document Number
    185523121
    Document Focus
    Environmental Information
    Project Number
    20170966
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    scoreboard - AGRICULTURE AND BIOECONOMY PROGRAM LOAN
    Publication Date
    16 Apr 2018
    Document Language
    English
    Main Topic
    lending
    Document Number
    82872661
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20180546
    Last update
    16 Apr 2018
    Sector(s)
    Industry
    Countries
    Latvia
    Publicly available
    Download now

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
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