Company name
S.A. San Miguel A.G.I.C.I Y A.
Project number
15760-01
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
B
Country
Regional
Sector
Agribusiness
Status
Proposed
Disclosed date
04/01/2026
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
05/13/2026
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Corporates Division
Investment type
Syndicated amount
USD $ 20,250,000
Financing amount
USD $ 40,500,000
Currency
USD
Project scope and objective
The proposed transaction consists of a senior A/B loan to San Miguel of up to US$40.5 million, with an eight-year tenor (seven years in the case of the B loan), including a two-year grace period and collateral over assets acceptable to IDB Invest, and a parallel senior A/B loan of up to US$40.5 million on terms similar to our financing. The funds will be used to finance: (i) capital investments for growth (agricultural and industrial) and maintenance of San Miguel for the years 2025, 2026, and 2027 in Argentina and Uruguay; and (ii) the refinancing of short- and medium-term debt (the “Project”).
S.A. San Miguel A.G.I.C.I. y F. (Argentina), S.A. San Miguel Uruguay, Samifruit Uruguay S.A., and San Miguel International Investments S.A. (Uruguay) (collectively, “San Miguel” or the “Companies”) constitute the leading producer and exporter in the Southern Hemisphere of value-added products derived from citrus processing (oils and aromas, cloudy and clarified juices, and dehydrated peel). With 70 years of history, San Miguel is a global agribusiness company of Argentine origin and the world’s largest industrial lemon processor, accounting for 16.0% of global milling volume. With operations in Argentina, Uruguay, and South Africa, it supplies 100% lemon-based natural ingredients to leading food, beverage, pharmaceutical, and cosmetics companies in more than 30 countries across five continents
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Contact information
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Client Contact
PHONE NUMBER
+54 11 4721 8300
POST OFFICE ADDRESS
Cazadores de Coquimbo 2860, Edificio 2, Piso 1º, Vicente López, Buenos Aires, Argentina
Information not available on IDB Invest website may be requested by mailing to 1350 New York Ave NW, Washington, DC 20577, by e-mailing [email protected] or by calling +1(202)-566-4566.
Individuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing [email protected] or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to [email protected] or [email protected] or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For information requests about the project.
Request informationLearn more about how we provide private-sector solutions in the region .
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.
SAN MIGUEL GLOBAL - RESUMEN DE LA REVISIÓN AMBIENTAL Y SOCIAL (RRAS O ESRS)
419.8 Kb
SAN MIGUEL GLOBAL - PLAN DE ACCIÓN AMBIETNAL Y SOCIAL (PAAS O ESAP)
184.3 Kb