Project detail - TOI COMMODITIES SA

TOI COMMODITIES SA

Status: Approved investment
Back to map

Why disclosure?

FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more

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

Trans-Oil Group is a leading vertically integrated farming, oilseed crushing, trading and transportation logistic provider with operations in Moldova and Ukraine. The company owns 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.

What is our funding objective?

FMO participates with USD 25 million in a 1-year working capital facility with other financial institutions. The funds will be used to finance Trans-Oil Group’s purchases of agricultural commodities from third parties until their export from Moldova.

Why do we fund this investment?

FMO intends to support farming in Moldova in general and a leading agribusiness player in particular by funding. In 2020, Trans-Oil Group as one of the main agro-holdings in Moldova provided jobs for 1647 people, mainly in rural areas (2019: 1662 people). Furthermore, TOI sources inputs locally being a major contributor to the strengthening of Moldova’s agriculture. In line with growing operations, it is expected that the Company will create more employment in the region.

What is the Environmental and Social categorization rationale?

Client categorized as B+ with main risks related to the following Performance Standards: PS 1 – Assessment and Management of Environmental and Social Risks and Impacts; PS 2 – Labour 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 as the project does not include land acquisition and resettlement; and no biodiversity threats, no indigenous people and no cultural sites are identified in the area of influence of the project.

More investments

Date Total FMO financing
12/14/2023 USD 25.00 MLN
9/29/2023 USD 16.30 MLN
9/29/2023 USD 15.00 MLN
6/30/2023 USD 25.00 MLN
12/12/2022 USD 32.50 MLN
1/11/2024 USD 25.00 MLN
12/23/2022 USD 27.00 MLN
4/1/2022 USD 11.50 MLN
6/2/2022 USD 10.00 MLN
12/23/2022 USD 15.00 MLN
3/11/2022 USD 5.00 MLN
11/25/2021 USD 25.00 MLN
1/31/2019 USD 5.00 MLN
6/28/2018 USD 20.00 MLN
11/7/2023 USD 5.00 MLN
Region
Europe & Central Asia
Country
Moldova, Republic of
Sector
Agribusiness, Food & Water
Publication date
5/27/2021
Effective date
5/20/2021
Total FMO financing
USD 25.00 MLN
Funding
FMO NV
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+