IFC Supports Animal Feed Producer to Benefit Russian Farmers, Improve Infrastructure

01 February 2008

Moscow, January 31, 2008 — IFC, a member of the World Bank Group, is helping Russia’s Sodrugestvo Group, the largest manufacturer and distributor of soybean meal and other animal nutrition products in the CIS countries, expand its operations and improve its port facilities...

Moscow, January 31, 2008 — IFC, a member of the World Bank Group, is helping Russia’s Sodrugestvo Group, the largest manufacturer and distributor of soybean meal and other animal nutrition products in the CIS countries, expand its operations and improve its port facilities.

IFC’s financing of $50 million in equity and $50 million in long-term debt will help Sodrugestvo complete a specialized agricultural commodities port as well as expand its production of animal feed by building and operating soybean and rapeseed processing plants in the Kaliningrad region. As a partner and shareholder, IFC will also advise Sodrugestvo on commercial, technical, environmental, and food safety issues and help the company implement best practices in corporate governance.