All agreed loans

Sweden. Baltic Beverage Holding AB

Date of loan: 10 Dec 2007
Country: Sweden
Customer: Baltic Beverage Holding AB
Amount in EUR: EUR 100 million
Maturity: 8 years
NACE sector / loan type: Manufacture of food products and beverages
Business area: Industries and services

Project

The 8-year-maturity loan totalling EUR 100 million is aimed at financing the Baltic Beverage Holding's (BBH) investment programme, including a capacity increase at two of BBH's breweries: Slavutich in Ukraine and Sarbast Plus in Uzbekistan. Slavutich was established in 1974 and runs two breweries: in Zaporozhye and Kiev. Since joining the BBH family in 1996, the Slavutich Zaporozhye brewery has been rebuilt and equipped with world standard technology. In June 2004, a greenfield brewery was opened in Kiev, giving BBH a stronger position on the market. Sarbast Plus is a joint venture between BBH and a local partner. BBH's brewery in Uzbekistan was a greenfield project inaugurated in September 2007. BBH, established by Finnish Oy Hartwall Ab and Procordia Beverages AB (Pripps) in 1991, is a leading player in the brewing industry in Russia, Ukraine, the Baltic countries and Kazakhstan. Today, BBH is a 50/50 joint venture of Carlsberg Breweries A/S and Scottish&Newcastle plc.

Sustainability summary

Beer production consumes electricity as well as large amounts of water. Wastewater, solid waste and some gas emissions are discharged as a result of production. Several of the brewing by-products are recycled. Minor investments are also being made in water treatment and energy supply. The expansion of existing facilities is under the current permits and license. Newly installed equipment is subject to state inspection during commissioning. BBH has implemented an environment, health and safety (EHS) system in line with ISO 14001.