Project detail - TRANS-OIL INTERNATIONAL SA

TRANS-OIL INTERNATIONAL SA

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Who is our client

Trans-Oil Group is a leading vertically integrated farming, oilseed crushing, trading and transportation logistic provider with operations in Moldova and Ukraine. The company controls a unique distribution and export network in Moldova with extension to the Black Sea region and upstream to the Danube basin. More than 80% of the sales of the Company are exported via large international traders to EU, Turkey and Asia.

Funding objective

FMO intends to participate for up-to USD 5 million in a 1-year working capital facility with other international financial institutions. The funds will be used to fund the crop campaign of 2018 marketing season.

Why we fund this project

FMO intends to support farming in Moldova in general and an agribusiness player in the country by funding Trans-Oil Group’s seasonal working capital needs and help Moldova to earn hard currency. In this way, FMO will contribute to SDGs number1 (no poverty), 2(zero hunger), 8(decent work and economic growth).

Environmental and social rationale

Categorized B. FMO’s environmental and social due diligence indicates that the intended investment will have impact which must be managed in a manner consistent with the following Performance Standards: PS 1 – Assessment and Management of Environmental and Social Risks and Impacts; PS 2 – Labor and working conditions; PS 3 – Resource Efficiency and Pollution Prevention; PS 4 – Community Health, Safety and Security. IFC Performance Standards 5 to 8 are not applicable. If FMO’s investment proceeds, FMO will periodically review the project’s ongoing compliance with the Performance Standards. The Company will monitor any development, which would trigger these Performance Standards through the Environmental and Social Management System.

More investments

Date Total FMO financing
5/20/2021 USD 25.00 MLN
4/7/2021 USD 11.50 MLN
4/30/2020 USD 10.00 MLN
9/24/2019 USD 15.00 MLN
3/26/2019 USD 5.00 MLN
7/12/2018 USD 25.00 MLN
7/12/2017 USD 20.00 MLN
Region
Europe & Central Asia
Country
Moldova, Republic of
Sector
Agribusiness, Food & Water
Signing date
4/10/2018
Total FMO financing
USD 5.00 MLN
Fund
FMO
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