Project detail - TOPIGS NORSVIN HOLDING B.V.

TOPIGS NORSVIN HOLDING B.V.

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Who is our client

Pigture Investments (PI) is a full subisidiary of Pigture Group (PG), a leading company in imprroving the genetic characteristics of pigs, using the brand name Topigs. The company has extensive experience in Europe, the Americas and Asia. PG want to expand its activities focusing more on emerging markets. In these markets - especially Asia - the consumption of pork will increase by 2% per year. PG is planning to invest EUR 22 million in the coming six years. PG is also the parent company of Topigs Huanshan, an existing FMO client since 2010.

Funding objective

FMO made an EUR 5 million loan available to Pigture Investments B.V. to finance a series of investments by Pigture Group in emerging marekts. The amount will be on-lent/invested by Pigture investments to Topigs do Brasil and Topigs Hong Kong holding. Topigs do Brasil will buy and refurbish an existing farm in Santa Catarina State. Topigs Phillipines started up a nucleus farm in North Luzon in 2011; FMO's investment is linked to expanding all stations. Topigs China has set up a production joint venture to create a genetic centre and nucleus unit.

Why we fund this project

Financing of PG by FMO enables the expansion of PG into emerging markets. FMO's financing supports the company in establishing a market for animals that efficiently convert food into animal protein, therefore reducing the stress on natural rescources. The investment fits well into FMO's goal of increasing impact with a smaller footprint.

Website client
http://www.topigsnorsvin.com
Country
Global
Sector
Agribusiness, Food & Water
Signing date
7/8/2013
Total FMO financing
EUR 5.00 MLN
Fund
Fund Emerging Markets
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
B+