Quick Facts

Where the impacts of the investment may be experienced.
  • Ukraine
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • International Finance Corporation (IFC)
Status: Pending
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower or Client: KERNEL-TRADE LLC
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
  • Agriculture and Forestry
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 95.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

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Primary Source

Original disclosure @ IFC website
Updated in EWS: 2017-08-29
Disclosure Date: 2016-04-08

Project Description
IFC's proposed investment will support a leading grain trader, crusher and a primary agricultural producer, Kernel Holding S.A. with significant linkages to the economy of rural areas. Kernel is a leading, diversified agribusiness company in Ukraine's Black Sea region listed on the Warsaw Stock Exchange.
Investment Description
Kernel Holding S.A. shares are listed on the main market of the Warsaw Stock Exchange since November 2007. Mr. Verevskiy owns 39.21% of the Company through Namsen LTD, incorporated in Cyprus. Another significant shareholdings are owned by ING OFE (6.01%) and Cascade Investment Fund (5.0%) with the rest owned by various shareholders.
Contact Information
Yegor Samusenko Investor Relations Manager mailto:y.samusenko@kernel.ua Tel.: +38 044 461-88-01, ext. 70-88 3 Tarasa Shevchenka Lane, Kyiv, Ukraine, 01001 Anastasia Usacheva Chief Financial Officer mailto:a.usacheva@kernel.ua Tel.: +38 044 461-88-01 3 Tarasa Shevchenka Lane, Kyiv, Ukraine, 01001 ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/