46944-014: RG Brands Agribusiness Project

Project Data Sheet (PDS): Overview

Description

RG Brands Agribusiness Project ADB will provide a 7 year corporate loan of up to $40.2 million to RG Brands, a leading food and beverage company in Kazakhstan. The company holds leading market shares in all its key products, particularly ultra-high temperature (UHT) milk, fruit juice, and tea. It plans to increase its revenues from $245 million in 2012 to $600 million in 2017. ADB will support this growth by providing long-tenor financing, which is not readily available for private sector ... Read More

Country Kazakhstan
Borrower/Equity Investment Name RG BRANDS KAZAKHSTAN LLP
Project Number 46944-014
Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Numbers 7387
Approval Date 19 Apr 2013
Geographical Location Kostanay (North of Kazakhstan) and Aksengir in Almaty Region (South of Kazakhstan)
Sector Agriculture, natural resources and rural development
Subsector Agricultural Production and Markets
Safeguard Categories Environment: B
Resettlement: C
Indigenous People: C

 

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