TOI Commodities SA
Status: Approved investmentWhy disclosure?
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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?
TOI Commodities S.A. (TOI) is a leading vertically-integrated agribusiness group located across Moldova, Ukraine, Romania, and Serbia, offering services such as grain handling, storage, and trading, farming, and oilseed crushing. 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 the EU, the Middle East and North Africa (MENA) region, and Turkey.
What is our funding objective?
FMO participates with up to USD 35 million in a one-year working capital facility alongside other financial institutions. The funds are used to finance TOI Commodities’ purchases of agricultural commodities from third parties prior to their export from Moldova.
Why do we fund this investment?
FMO supports farming in Moldova in general, and a leading agribusiness player in particular, through funding. In 2024, TOI Commodities, one of the main agro-holdings in Moldova, employed approximately 3,000 people, mainly in rural areas. Furthermore, TOI sources its inputs locally, making it a major contributor to the strengthening of Moldova’s agriculture. In line with its growing operations, the company is expected to generate additional employment in the region.
What is the Environmental and Social categorization rationale?
FMO’s E&S risk categorization for traders with large processing plants applies a B+ risk category. Business activities include aggregation, distribution, processing, and trading of agro commodities. Environmental and social (E&S) operational risks and impacts are mostly site-specific, except for risks of the supply chain. FMO’s E&S assessments via monitoring and due diligence activities indicate that the investment may have impacts that must be managed consistently with the following IFC Performance Standards (PSs): IFC PS1: Assessment and Management of Environmental and Social Risks and Impacts, PS2: Labor and working conditions, PS3: Resource Efficiency and Pollution Prevention, and PS4: Community Health, Safety and Security are applicable to this project. PS6 (Biodiversity Conservation and Sustainable Management of Living Natural Resources) is triggered mainly due to the potential indirect impact of the primary supply chain. PS5 (Land Acquisition and Involuntary Resettlement), PS7 (Indigenous Peoples), and PS8 (Cultural Heritage) are considered not applicable to the company operations. Note: This transaction was signed 10 days before the lapse of the 60-day disclosure period required by the FMO Customer Disclosure Policy. This deviation was necessary to align with the proposed timing of the signing by the lead arranger. This transaction is a seasonal working capital facility for agricultural commodities that is renewed from previous years, so FMO had already disclosed identical previous investments.
More investments
- Website customer/investment
- https://transoilcorp.com/en/page-home/
- Region
- Europe & Central Asia
- Country
- Moldova, Republic of
- Sector
- Agribusiness, Food & Forestry
- Publication date
- 5/9/2025
- Effective date
- 7/1/2025
- Total FMO financing
- USD 35.00 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+