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Pantaleon Sugar
Summary of Proposed Investment

This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors’ consideration of the proposed transaction. Its purpose is to enhance the transparency of IFC’s activities, and this document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only.

Project number 25449
Company namePantaleon Hold
Country
Guatemala
Sector1Sugar and Confectionery
Environmental categoryB
Department
StatusCompleted
Date SPI disclosedMay 29, 2007
Projected board dateJune 28, 2007
Previous EventsInvested: April 4, 2008
Signed: October 1, 2007
Approved: June 28, 2007
View Environmental & Social Review Summary (ESRS), click here
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Project description
Pantaleon Sugar Holdings Company Limited (Pantaleon or the company) is the largest sugar producer in Central America, with mills located in Guatemala and Nicaragua. It supplies raw and refined sugar to the domestic market in Guatemala, raw sugar to the domestic market in Nicaragua, and exports raw and refined sugar to the world market including the U.S. In addition, Pantaleon’s co-generation facilities supply electricity for sale to the national power networks in Guatemala and Nicaragua.

The purpose of the investment is to support Pantaleon’s ongoing investment program which has and will include:

- expanding the company’s sugar production in Nicaragua by 20%;
- expanding and improving the company’s plantations in Nicaragua;
- improving the company’s agricultural productivity in Guatemala;
- expanding the company’s existing electricity co-generation facilities in Nicaragua;
- construction of a 150,000 liters per day ethanol plant; and
- general capital expenditures.

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