Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Argentina
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Netherlands Development Finance Company (FMO)
Status: Pending Signing
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.
Investment Amount (USD): $ 40.00 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 @ FMO website
Updated in EWS: 2017-11-03
NIDERA S.A.
FMO-50216

Project Description
WHO IS OUR CLIENT FMO's client is Nidera Argentina, which has carried out the group's activities in this market for over 90 years. Nidera's activities in Argentina are integrated across the agricultural value chain and include origination, processing and export of grains and oilseeds, oils, soybean meal/pellets; the import, production and distribution of fertilizers, agrochemicals, and other agri inputs; and the production of crude oils and refining of vegetable oils. Nidera is a major international agribusiness and trading company with annual turnover of USD 18.5 billion in 2015. Nidera was founded in Rotterdam, the Netherlands in 1920. Currently, Nidera has domestic and internal operations in 19 major export and import countries and distributes its products to more than 60 countries in the world. COFCO International acquired a majority stake in Nidera in October 2014. COFCO International is a consortium comprising of COFCO, a leading supplier of diversified products in the Chinese agricultural and food products industry, and other prominent international investors. FUNDING OBJECTIVE The USD 200 million pre-export finance transaction will serve to support the working capital needs associated to Nidera Argentina's ongoing origination of grains and oilseeds for export to end consumer markets. WHY WE FUND THIS PROJECT Nidera Argentina is a long-standing client of FMO, who has financed the company during changing market conditions in Argentina This transaction will allow Nidera Argentina to have access to medium term funding for its operations. FMO has also supported the company in its long term improvement of non-financial practices such as E&S standards, and going forward Nidera continues to work on strengthening the controls and governance within the company as part of the COFCO Group.
Investment Description
Contact Information
FMO The Netherlands +31 70 314 96 96 info@fmo.nl Anna van Saksenlaan 71 2593 HW, The Hague The Netherlands FMO South Africa +27 11 507 2500 joburg-office@fmo.nl Regent Place, 2nd Floor Cradock Ave, Rosebank 2196 Johannesburg South Africa