Asnova III

Ukraine
International Finance Corporation (IFC)
Wholesale Markets
private
B
03/08/2007
Disbursement (active)
LLC Savservice Center (“Savservice Center” or the “Company”) is a Ukrainian company involved in the distribution, warehousing and logistics of fast-moving consumer goods (“FMCG”), as well as in the development of warehouse facilities. Savservice Center carries out its activities under the trade names of “Savservice”, “Mova” and “Komora” through a network of subsidiaries with presence in 13 regions of Ukraine. To support its operations, the company partially or fully owns and operates two warehousing and logistics facilities in Kyiv and the Kyiv region, maintains a fleet of leased and owned vans and employs approximately 2,300 people. In addition, the company rents warehouse space from third parties throughout Ukraine. Responding to challenges presented by the current difficult financial market situation, the company plans to reduce its reliance on short-term debt and to increase the portion of its working capital that is financed with long-term loans. At the same time, Savservice Center’s logistic services subsidiary, Komora-S, continues to invest in modern warehousing equipment to improve its efficiencies and to remain a competitive and reliable supplier of high-quality services for its clients despite instability in the markets. To support these crisis-response initiatives (the “Project”), Savservice Center has requested a $12 million long-term loan package from IFC.
See project site:
http://www.ifc.org/ifcext/spiwebsite1.nsf/ProjectDisplay/SPI_DP28150
Asnova
15,000,000

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