TOURNAI INVESTMENTS SL
Status: Approved 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
The Coremar group is a maritime and port service provider in Colombia, established in 1958. The company operates a port in Barranquilla and is the leading tugboat operator in the country facilitating ships to get in and out of the harbors. FMO, together with local fund manager Altra and DEG, bought a majority stake in the company in 2014. Our intention is to contribute further expansion capital.
What is our funding objective?
FMO's funding will be used to increase the port capacity in Barranquila.
Why do we fund this investment?
This investment will create much needed port infrastructure to solve logistical bottle necks, allowing companies to export competitively to the world market and thus create more jobs in Colombia. Furthermore, a modular shift from road cargo to ship cargo is expected, which will reduce CO2 emissions significantly. Last but not least, FMO will continue to support the company in implementing the highest environmental, social and corporate governance standards.
What is the Environmental and Social categorization rationale?
Enhancing the E&S standards of the Coremar group ensures business sustainability and attracts investment interest from international port operators.
More investments
| Date | Total FMO financing |
|---|---|
| 8/6/2014 | USD 10.83 MLN |
- Region
- Latin America & The Caribbean
- Country
- Colombia
- Sector
- Infrastructure, Manufacturing and Services
- Publication date
- 11/4/2019
- Effective date
- 12/13/2019
- Total FMO financing
- USD 3.03 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) - A