Belgian Investment Company for Developing Countries (BIO) #41397
Created at
2019-08-27
Last update
2020-02-07
1 Parents (Involvements as child)
ID
Name
Belgian government
Country of registration/origin
Belgium
Classification
Government
Relationship
Parent company
Investment type
Shares/Equity
Ownership share
100.00 %
Comment
BIO is wholly owned by the Belgian government.
3 Children (Involvements as parent)
ID
Name
JTF Madagascar
Country of registration/origin
Madagascar
Classification
Private company
Relationship
Beneficiary company
Investment type
Debt financing
Loan amount
3 750 000
Loan date
2019
Comment
JTF Madagascar has received a combined funding of 7.5 million euros from Finnfund (Finland) and the Belgian Investment Company for Developing Countries - BIO for its development.
ID
Name
Criterion Africa Partners
Country of registration/origin
United States of America
Classification
Private equity firm
Relationship
Beneficiary company
Investment type
Shares/Equity
Loan amount
4 366 800
Comment
EUR 4,366,800 investment in Africa Sustainable Forestry Fund II (https://www.bio-invest.be/en/investments/africa-sustainable-forestry-fund-ii)
ID
Name
Plantations Et Huileries du Congo sa (PHC)
Country of registration/origin
Congo, Dem. Rep.
Classification
Private company
Relationship
Beneficiary company
Investment type
Debt financing
Loan amount
11 000 000
Loan date
21/12/2015
Comment
DEG, BIO, EAIF and FMO provide a long term loan facility in an amount of up to USD 49 million (DEG: USD 16.5 million, BIO: USD 11 million, EAIF: USD 5 million, FMO: USD 16.5 million).
The Development Finance Institutions (DFI) BIO of Belgium, CDC of the UK, DEG of Germany and FMO from the Netherlands have announced today that they will cease to be Lenders to PHC, the operating company of three longstanding palm oil plantations in the Democratic Republic of Congo (DRC). The group of DFIs have sold their respective debt interests to Maku Holdings, an affiliate of Kuramo Capital Management.
The development banks cancelled 80% of PHC's debt and wrote off all of their shares in Feronia. On February 22, 2022, the last bits of their debt interests were sold for an undisclosed sum to Maku Holdings, an affiliate of Kuramo Capital.