NIDERA S.A.
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
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
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.
What is our 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 do we fund this investment?
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.
- Region
- Latin America & The Caribbean
- Country
- Argentina
- Sector
- Agribusiness, Food & Water
- Effective date
- 12/22/2016
- End date
- 4/23/2018
- Total FMO financing
- USD 40.00 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+