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PRAN Dairy
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 30568
Company namePran Dairy Ltd.
Country
Bangladesh (IDA)
Sector1Dairy Products
Environmental categoryB
Department
StatusActive
Date SPI disclosedApril 1, 2011
Projected board dateMay 10, 2011
Previous EventsInvested: September 15, 2011
Signed: June 15, 2011
Approved: May 23, 2011
View Environmental & Social Review Summary (ESRS), click here
click here
  Overview     Sponsor/Cost/Location     Development Impact     Contacts     Attachments  

Project description
Pran Group (“Pran” or “the Group”) has requested IFC’s assistance to finance the expansion of its dairy operations, which are run under Pran Dairy Ltd (“PDL”), one of the Group companies. Pran is a diversified group involved in the production and sale of a wide product range covering beverages, snacks, culinary products, confectionery, dairy products, rice and tea. The proposed project consists of an investment of approximately $15 million for an expansion in PDL’s processing and procurement capacity and related working capital needs (“the Project”).

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