Company name
Pesquera Trans Antartic Ltda.
Project number
CH3831A-02
N/A
E&S category
N/A
Country
Chile
Sector
Agribusiness
Status
In implementation
Disclosed date
02/18/2011
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
03/22/2011
Approval date
03/21/2011
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 3,000,000
Currency
N/A
Project scope and objective
Trans Antartic cans fish and shellfish for sale in Chile under the Robinson Crusoe and Antartic labels and for export, principally to Spain. It is an affiliate of the Spanish company Jealsa Rianxeira S.A., which is the parent company of Grupo Jealsa. Grupo Jealsa ranks first in the Spanish canned fish and shellfish market and second in the European market.
This is the IIC’s second operation with the company. The purpose of the loan is to make investments to improve logistics and increase capacity at the Puerto Montt plant. In 2007, the IIC provided Trans Antartic with a 3 million euro A loan and a 3 million euro B loan for refinancing liabilities incurred in building the plant that the company is now planning on expanding, as well as for working capital. The company has complied with all its contractual obligations.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org 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 mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
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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.
ENVIRONMENTAL AND SOCIAL REVIEW
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