WISSOL PETROLEUM GEORGIA JSC
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
JSC Wissol Petroleum Georgia is the second largest petrol station operator in Georgia with over 120 Gas Filling Stations (GFS). Wissol is a part of Wissol Petroleum Georgia Group, which employs over 4000 staff. Wissol is involved in the fuel import and retail business and operates petrol and Compressed Natural Gas (CNG) stations all over Georgia and is an important player in the aviation fuel market. In addition, the Company is involved in tyres, lubricants and car service business.
What is our funding objective?
FMO is part of a syndicated transaction of EBRD. The purpose of the funding is mainly to support the expansion of the CNG market segment.
Why do we fund this investment?
CNG is cleaner and more cost-efficient than regular types of fuel. Our investment will increase the number of GFSs in the country and thereby improve Georgia's infrastructure. Large syndications of this type are uncommon in Georgia.
- Website customer/investment
- http://www.wissol.ge
- Region
- Europe & Central Asia
- Country
- Georgia
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 6/4/2014
- End date
- 11/28/2019
- Total FMO financing
- USD 25.00 MLN
- Funding
- FMO NV
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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+