Company name

Ta - Ta S.A.

Project number

13004-01

Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.

E&S category
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B

Country

Uruguay

Sector

Manufacturing

Status

Proposed

Disclosed date

12/23/2020

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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04/27/2021

Approval date

04/27/2021

Signed date

07/08/2021

Sponsoring entity

N/A

Team leader

Jimenez Grandes, Gabriel

Investment type

Financing requested

N/A

Syndicated amount

N/A

Financing amount

USD $ 35,000,000

Currency

UYU

Project scope and objective

The proposed IDB Invest financing for an amount in Uruguayan pesos equivalent to up to US$50 million (up to $15 million equity + up to $35 million in senior financial debt) will be used to partially finance the company’s capital investments between 2020 and 2025 for an amount in Uruguayan pesos equivalent to US$104 million. This includes investments in the opening of stores, logistics of the Operations Center (OC), systems and technology, and maintenance of premises in order to achieve the Company’s expansion and omnichannel retailing of the Company in Uruguay.



The project will allow the Company to increase the volume of operations with its suppliers, many of which are SMEs. Ta-Ta’s philosophy is to develop local suppliers for different categories of its own brands. Support for this chain contribute to the following SDGs: (i) decent work and economic growth; (ii) industry, innovation and infrastructure; and (iii) responsible consumption and production.


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Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. Any gaps with respect to the IDB Invest Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) provided below.

TA-TA - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

256.0 Kb

TA-TA - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

71.7 Kb

For inquiries, comments and information requests about the project

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Learn more about how we provide private-sector solutions in the region.

Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Michel Skinner

POSITION

CFO

PHONE NUMBER

+598 92 530 435

EMAIL

michel.skinner@tata.com.uy

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices