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Marico South Africa
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 27166
South Africa (IDA)
Sector1Vegetable Fats and Oils
Environmental categoryB
Date SPI disclosedOctober 1, 2009
Projected board dateNovember 6, 2009
Previous EventsSigned: May 31, 2010
Approved: March 15, 2010
View Environmental & Social Review Summary (ESRS), click here
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  Overview     Sponsor/Cost/Location     Development Impact     Contacts     Attachments  

Project description
Marico South Africa (Pty) Ltd. (MSA) is an existing Durban based company, primarily involved in the manufacture and distribution of consumer products. The Company’s key product categories include hair care, skin care and affordable health care products.

IFC is considering providing a long term senior loan of $5 million to MSA for one of the following or a combination of the following purposes (i) potential acquisition of a South African consumer goods company, (ii) capacity expansion in MSA (iii) repayment of existing unsecured loans provided to MSA by the parent Marico Limited (ML) through the holding company Marico South Africa Consumer Care (Pty) Ltd. (MSACC).

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