Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Pakistan
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: Active
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.
Board Decision Date: 2018-06-29
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: FrieslandCampina Pakistan Holding B.V.
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Agriculture and Forestry
  • Water and Sanitation
Investment Type(s): Fund
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 12.50 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: 2018-03-14
FrieslandCampina Pakistan Holding B.V.
FMO-50356

Project Description

This project finances a 51 percent stake of Engro Food limited, the second largest dairy producer in Pakistan. The project hopes to minimize malnutrition by funding for development and improvement of dairy-based products.

This project is a co-investment with a Dutch enterprise, Royal Friesland Campina N.V., and IFC.

Investment Description
Private Actors

It is a co-investment with a Dutch enterprise, Royal Friesland Campina N.V., and IFC to acquire a 51 percent controlling stake in a large publically listed leading Food & Beverage company Engro Foods Limited in Pakistan. FMO has invested EUR 40 million.

Contact Information

*No contacts available at the time of writing