United Exports Limited
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
United Exports (UE) is South-Africa’s largest blueberry player (~50% market share). The company has a fully integrated business model including (proprietary) genetics, farming, packing, and marketing. UE is owned by United Exports Pty (the “Sponsor”), an Australian-based fruits trading company, founded and owned by Roger Horak, a South-African born, Australian national.
What is our funding objective?
To support United Export’s organisational strengthening by providing a development contribution grant under five workstreams: Learning & Development, Advisory for Equity & Transformation Strategy, Onboarding of a Sustainability System, Implementation of Employee Management System & Energy Assessment.
Why do we fund this investment?
Under the five proposed workstreams, this project supports the organisational strengthening of United Exports and specifically contributes to reducing inequalities by creating an equitable working environment for its workforce as well as contributing to climate action by supporting their decarbonisation efforts and aim to be net zero by 2025.
More investments
| Date | Total FMO financing |
|---|---|
| 9/29/2022 | EUR 7.00 MLN |
| 10/23/2020 | EUR 1.50 MLN |
| 1/30/2019 | EUR 10.00 MLN |
- Region
- Africa
- Country
- South Africa
- Sector
- Agribusiness, Food & Water
- Publication date
- 12/20/2022
- Effective date
- 12/13/2022
- Total FMO financing
- EUR 0.05 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