VICENTIN S.A.I.C.
Status: Completed 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
Vicentin SAIC is an Argentine family owned business that was founded in 1929 as a cotton ginning company. Nowadays the company is among the largest oilseed crushers in Argentina.
What is our funding objective?
FMO’s funding will support Vicentin’s long-term working capital position.
Why do we fund this investment?
FMO will participate in a syndicate in which it will provide a longer tenor than commercial lenders. FMO aims to catalyse additional funding from other lenders as well.
What is the Environmental and Social categorization rationale?
B+ based on the scale of operations and supply chain considerations. FMO’s preliminary environmental and social due diligence indicates that the investment will have impacts which must be managed in a manner consistent with the following Performance Standards: - PS 1: Assessment and Management of Environmental and Social Risks and Impacts; - PS 2: Labor and working conditions; - PS 3: Resource Efficiency and Pollution Prevention - PS 4: Community Health, Safety and Security. Based on this preliminary due diligence the following Performance Standards are not applicable: - PS 5: Land Acquisition and Involuntary Resettlement (no resettlement or land acquisition); - PS 6: Biodiversity Conservation and Sustainable Management of Living Natural Resources (Vicentin procures its oilseeds at the Rosario and Buenos Aires grain exchanges, it therefore has limited influence on the supply chain); - PS 7 Indigenous Peoples (Vicentin procures its oilseeds at the Rosario and Buenos Aires grain exchanges, it therefore has limited influence on the supply chain); and - PS 8 Cultural Heritage (Vicentin procures its oilseeds at the Rosario and Buenos Aires grain exchanges, it therefore has limited influence on the supply chain)
More investments
| Date | Total FMO financing |
|---|---|
| 5/10/2019 | USD 45.00 MLN |
| 10/19/2015 | USD 15.00 MLN |
| 5/9/2019 | USD 25.00 MLN |
- Website customer/investment
- http://www.vicentin.com.ar/
- Region
- Latin America & The Caribbean
- Country
- Argentina
- Sector
- Agribusiness, Food & Water
- Publication date
- 10/2/2017
- Effective date
- 12/19/2017
- End date
- 5/17/2018
- 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+