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Company name

Copeval S.A.

Project number

14243-01

Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.

E&S category
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B

Country

Chile

Sector

Agribusiness

Status

In implementation

Disclosed date

10/26/2022

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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12/01/2022

Approval date

12/01/2022

Signed date

01/25/2023

Sponsoring entity

Copeval S.A. y Subsidiarias

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

N/A

Financing amount

USD $ 30,000,000

Currency

USD

Project scope and objective

The proposed financing to Grupo Copeval consists of a 39-month revolving credit line, with a committed tranche and an uncommitted tranche for up to US$30 million, under which IDB Invest will extend financing for a term of up to 390 days with amortization at maturity, destined for the importation of machinery, inputs and raw materials, which were sold and financed to their agricultural producers.

 

Copeval is the main distributor of agricultural inputs in Chile, with more than 65 years of experience in the market. It has a permanent stock of more than 28,700 products divided into the main lines of agrochemicals, fertilizers, food and grains, veterinary medicine, fuels and lubricants, machinery, seeds, technical irrigation, agricultural hardware, machinery rental and services. To carry out its operations, Copeval has a wide distribution network and a service model for all types of farmers, both multi-item and multi-size. The logistical efficiency of Copeval's distribution network allows it to deliver a comprehensive offer of agricultural inputs with a wide geographical coverage, serving more than 40,000 customers annually.

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Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

COPEVAL - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

194.6 Kb

COPEVAL - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

276.5 Kb

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

Enrique.Hott@copeval.cl

PHONE NUMBER

+56 72-2410713

POST OFFICE ADDRESS

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

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Learn more about how we provide private-sector solutions in the region .