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Summary of Project Information (SPI)
Project number8198
Project nameCentral Poland Fund
CountryPoland
SectorCollective Investment Vehicles
DepartmentPrivate Equity and Investment Funds
Company nameCentral Poland Fund, L.L.C.
Environmental categoryFI
Date disclosedMarch 28, 1997
StatusActive
Previous EventsInvested: July 15, 1998
Signed: April 9, 1998
Approved: June 23, 1997
Summary Of Project Information (SPI)
Project NamePoland-Central Poland Fund (CPF)
RegionEurope
Sector
Project No008198
Projected Board DateMay 30, 1997
Company NameCentral Poland Fund (CPF)
Technical Partner and/or Major Shareholders

Lodz Management Group, Powszechny Bank Gospodarczy (Poland),

Credit Suisse Investment Management (London)

Project Cost Including proposed IFC investment

US$30-50 million, including a US$5 million IFC equity investment.

Location of project and Description of site

Central Poland

Description of Company and Purpose of Project

The project consists of an equity investment of up to US$5 million for up to 15% of the total capital of the Central Poland Fund (CPF, the Fund). The Fund will seek to raise between US$30-50 million for direct equity investments in selected small and medium-sized enterprises (SMEs) that are either privately owned companies or to-be-privatized state companies that form part of the central Poland region Voivoids’ (municipality) privatization program.      

Environmental Category and Issues

This is a Financial Intermediary (FI) category project according to IFC's environmental review procedure. The Central Poland Fund will be required to undertake an environmental review of eligible investee companies' operations. In addition, IFC will assess the Fund’s capability to carry out environmental reviews of each investee company.   
Date SPI sent to PIC March 28, 1997

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