Trans-Oil Company Requested Loan from IFC
OREANDA-NEWS. August 01, 2012. The site of the IFC, member of the World Bank Group, notes that the cost of the project, with goal of capital investment, capacity expansion, investment in energy efficiency, acquisition oil extraction plant in Balti Floarea Soarelui and five additional elevators, is assessed at USD 110 million, IFC finances USD 70 million.
In addition, as Moldovan press reported in the autumn of 2011 group of companies Trans-Oil already bought the plant Floarea Soarelui and five elevators from the former owner - company WJ Grain. On the question of agency InfoMarket, whether the transaction took place, Chisinau office of WJ Grain said that these companies were sold, but the new owner name is not disclosed.
Chairman of the Board of Floarea Soarelui Alexander Sitarchuk, told InfoMarket said that legally the company shareholders did not change in 2011, but in November last year, the decision of the shareholders completely changed the Board of JSC of five people. The heads of two of the five belonged to WJ Grain elevators on the question of agency InfoMarket, who is the owner, said that all five elevators, as well as the Balti plant in the autumn of 2011 entered the group Trans-Oil. According to information posted on the official website of Trans-Oil, group, in particular, consists of five elevators, freight terminal in Jurjulesti and oil extraction plant in Ciadir-Lunga. Elevators, which previously belonged to the company, WJ Grain and Balti plant on the site of Trans-Oil are not mentioned.
In total Moldova has about 30 elevators for sunflower seeds, and only two plants - in Balti and Ciadir Lunga. As InfoMarket reported previously, the chairman of the Association of Moldova agricultural UniAgroProtect Slusar Alexander said about the "need to fix the position of Trans-Oil as a dominating and monitor its activities."
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