GLOBAL BEER GEORGIA LLC
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
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
Global Beer Georgia is a new beer company established by Teliani Valley, the biggest Georgian wine and spirit producer and distributor listed on the Georgian Stock Exchange. Teliani Valley currently imports Heineken and Krusovice beer to Georgia, but aims to start producing these brands – and also Amstel in coming years – for the first time. The company will also develop a new, local brand of beer.
What is our funding objective?
The syndicated financing package of EBRD (FMO contribution of EUR 6.2 million) is arranged to support the construction and operation of a greenfield brewery. Global Beer Georgia’s planned new brewery will produce both locally developed and international beer brands, such as Heineken, Krusovice and Amstel, to satisfy the demands of the growing market in Georgia.
Why do we fund this investment?
The financing fits with Agribusiness strategy and helps build the portfolio in Georgia. The Project will substantially increase the competition in the Georgian beer sector and will support the creation of ca. 400 jobs in an area inhabited by Internally Displaced Persons (IDPs). The involvement of Heineken is considered key as Dutch business.
- Region
- Europe & Central Asia
- Country
- Georgia
- Sector
- Agribusiness, Food & Water
- Effective date
- 12/22/2016
- End date
- 6/7/2019
- Total FMO financing
- EUR 6.17 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