ACTIVITY TITLE
VERSION 2.01
ETEX Project
Reported by
European Bank for Reconstruction and Development XI-IATI-EBRD Multilateral
ACTIVITY SCOPE COLLABORATION TYPE AID TYPE FINANCE TYPE FLOW TYPE TIED STATUS HIERARCHY
Multi-national 3 Multilateral outflows 4
Project-type interventions C01
Untied 1
IATI IDENTIFIER
XI-IATI-EBRD-53649
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DOCUMENTS ( 4 )
Project Summary Document - Transition Impact Environmental Social Summary TEXT/HTML EN Pre- and post-project impact appraisal Project Summary Document TEXT/HTML EN Objectives / Purpose of activity Country Strategy TEXT/HTML EN Memorandum of understanding (If agreed by all parties) Procurement/Tenders TEXT/HTML EN Tender
Planned start date 2022-05-24
Planned end date 2029-05-04
Actual start date 2022-05-24
activity status: Implementation
The activity is currently being implemented
WHO'S INVOLVED ( 2 )
PARTICIPATING ORG REFERENCE ROLE TYPE
ETEX NV
 Implementing Private Sector
European Bank for Reconstruction and Development
 Funding Multilateral
General
The participation in the amount of € 100 million in the 7-year tranche in environmental, social and governance (ESG)-linked Schuldschein (a German debt instrument used as an alternative to credit facilities and bonds) issuance of ETEX NV (the Company), a global, largely family-owned, building materials company. The EBRD proceeds are channelled to support the Company's direct green investments in Poland, Romania and Lithuania as well as to contribute to the acquisition financing linked to URSA (including URSA's operations in Poland and Slovenia), a European leader in thermal insulation materials. The Project will support direct green investments in Poland, Romania and Lithuania through implementation of energy efficiency measures, introduction of new renewable energy capacity, increased product recyclability and increased circular economy practices. Moreover, the Project indirectly supports greater production and use of heat insulation materials in the EBRD region.
recipient country ( 4 )
PolandPL
53
RomaniaRO
28
SloveniaSI
16
LithuaniaLT
3
LOCATION ( 4 )
NAME DESCRIPTION POSITION CLASS REACH EXACTNESS
LJUBLJANA
ID 3196359 (Geonames)
46.05108 14.50513 Administrative Region Approximate
VILNIUS
ID 593116 (Geonames)
54.68916 25.2798 Administrative Region Approximate
BUCHAREST
ID 683506 (Geonames)
44.43225 26.10626 Administrative Region Approximate
WARSAW
ID 756135 (Geonames)
52.22977 21.01178 Administrative Region Approximate
country budget items ( 1 )
IATI Withdrawn ( 1 )
The budget identifier reported uses IATI budget identifier categories
7.1.1
100
sector ( 1 )
OECD DAC CRS 5 digit1( 1 )
The sector reported corresponds to an OECD DAC CRS 5-digit purpose code http://reference.iatistandard.org/codelists/Sector/
Construction policy and administrative management32310
100
GLOSSARY
Construction policy and administrative managementConstruction sector policy and planning; excluding construction activities within specific sectors (e.g., hospital or school construction).
Financial Overview
Outgoing Commitment ( 1 )
Outgoing Commitment
Transactions ( 1 )
Outgoing Commitment ( 1 )
DATE DESCRIPTION PROVIDER RECEIVER VALUE
2022-05-24
FLOW Other flows 50
FINANCE Investment-related loan to developing countries Withdrawn 411
ETEX NV
 100,000,000
EUR
Outgoing Commitment
General Enquiries
European Bank for Reconstruction and Development
+44 20 7338 7380
projectenquiries@ebrd.com
www.ebrd.com
5 Bank Street, London E14 4BG
conditions( 1 )
NARRATIVE TYPE DESCRIPTION
The participation in the amount of € 100 million in the 7-year tranche in environmental, social and governance (ESG)-linked Schuldschein (a German debt instrument used as an alternative to credit facilities and bonds) issuance of ETEX NV (the Company), a global, largely family-owned, building materials company. The EBRD proceeds are channelled to support the Company's direct green investments in Poland, Romania and Lithuania as well as to contribute to the acquisition financing linked to URSA (including URSA's operations in Poland and Slovenia), a European leader in thermal insulation materials. The Project will support direct green investments in Poland, Romania and Lithuania through implementation of energy efficiency measures, introduction of new renewable energy capacity, increased product recyclability and increased circular economy practices. Moreover, the Project indirectly supports greater production and use of heat insulation materials in the EBRD region. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53649
 Performance The condition attached requires certain outputs or outcomes to be achieved by the recipient